African Barrick Gold (LON:ABG) was upgraded by research analysts at Westhouse Securities to a “neutral” rating in a report released on Friday, American Banking News.com reports. The firm currently has a GBX 170 ($2.74) target price on the stock. Westhouse Securities’ target price indicates a potential upside of 1.25% from the stock’s previous close.
ABG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of African Barrick Gold in a research note to investors on Thursday, November 14th. They now have a GBX 120 ($1.93) price target on the stock. Separately, analysts at Nomura raised their price target on shares of African Barrick Gold from GBX 250 ($4.03) to GBX 270 ($4.35) in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of African Barrick Gold in a research note to investors on Thursday, October 31st. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. African Barrick Gold has a consensus rating of “Hold” and a consensus price target of GBX 171.34 ($2.76).
Shares of African Barrick Gold (LON:ABG) opened at 169.50 on Friday. African Barrick Gold has a one year low of GBX 93.50 and a one year high of GBX 463.80. The stock’s 50-day moving average is GBX 173.3 and its 200-day moving average is GBX 146.0. The company’s market cap is £695.1 million.
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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