Berenberg Bank Reaffirms “Buy” Rating for Pan African Resources (LON:PAF)

Pan African Resources (LON:PAF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 154 price target on the stock. Berenberg Bank’s target price points to a potential upside of 10.79% from the stock’s current price.

Separately, Canaccord Genuity Group raised their price objective on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 157.

Pan African Resources Price Performance

PAF opened at GBX 139 on Monday. The firm has a market capitalization of £2.82 billion, a P/E ratio of 19.41, a PEG ratio of 8.95 and a beta of 0.89. The stock has a fifty day moving average of GBX 123.97 and a 200-day moving average of GBX 95.51. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80. Pan African Resources has a 12-month low of GBX 33 and a 12-month high of GBX 152.60.

Pan African Resources Company Profile