Berenberg Bank Reiterates “Buy” Rating for ACG Acquisition (LON:ACG)

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Monday, Marketbeat reports. They currently have a GBX 2,100 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 50.06% from the stock’s previous close.

Separately, Canaccord Genuity Group upped their price objective on shares of ACG Acquisition from GBX 1,500 to GBX 1,950 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 2,025.

ACG Acquisition Stock Performance

ACG opened at GBX 1,399.40 on Monday. The firm has a market cap of £318.90 million and a P/E ratio of 28.56. ACG Acquisition has a 52-week low of GBX 385 and a 52-week high of GBX 1,400. The business’s fifty day moving average is GBX 1,132.93 and its 200-day moving average is GBX 933.53.

ACG Acquisition Company Profile

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.