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

Pan African Resources (LON:PAF) had its price target cut by Berenberg Bank from GBX 165 to GBX 153 in a report released on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 27.50% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price target on Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources has a consensus rating of “Buy” and an average target price of GBX 156.50.

Pan African Resources Stock Performance

LON PAF opened at GBX 120 on Monday. The stock has a market capitalization of £2.43 billion, a PE ratio of 10.03, a P/E/G ratio of 8.95 and a beta of 0.78. The business has a 50 day simple moving average of GBX 144.53 and a two-hundred day simple moving average of GBX 134.69. The company has a debt-to-equity ratio of 20.15, a current ratio of 0.98 and a quick ratio of 0.74. Pan African Resources has a 1-year low of GBX 44.10 and a 1-year high of GBX 185.

Insider Activity at Pan African Resources

In other news, insider Keith Spencer sold 1,000,000 shares of Pan African Resources stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 157, for a total value of £1,570,000. Company insiders own 2.15% of the company’s stock.

Pan African Resources Company Profile