Berenberg Bank Issues Pessimistic Forecast for Pan African Resources (LON:PAF) Stock Price

Pan African Resources (LON:PAFGet Free Report) had its price objective lowered by investment analysts at Berenberg Bank from GBX 190 to GBX 181 in a report released on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 17.23% from the company’s previous close.

Separately, Canaccord Genuity Group boosted their target price on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 170.50.

View Our Latest Analysis on PAF

Pan African Resources Price Performance

LON:PAF opened at GBX 154.40 on Tuesday. The stock has a market capitalization of £3.13 billion, a PE ratio of 12.91, a P/E/G ratio of 8.95 and a beta of 0.66. Pan African Resources has a 1-year low of GBX 34.55 and a 1-year high of GBX 185. The firm has a fifty day simple moving average of GBX 144.33 and a 200 day simple moving average of GBX 110.42. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 20.15.

Pan African Resources Company Profile

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