Pan African Resources (LON:PAF) Hits New 12-Month High – Should You Buy?

Shares of Pan African Resources PLC (LON:PAF) hit a new 52-week high on Tuesday . The stock traded as high as GBX 129.80 and last traded at GBX 129.80, with a volume of 13708666 shares traded. The stock had previously closed at GBX 125.40.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 112 price objective on shares of Pan African Resources in a report on Thursday, November 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pan African Resources has a consensus rating of “Buy” and a consensus price target of GBX 112.

Pan African Resources Stock Performance

The firm’s fifty day simple moving average is GBX 110.70 and its 200 day simple moving average is GBX 85.80. The company has a market capitalization of £2.61 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74.

Pan African Resources Company Profile