Pan African Resources PLC (LON:PAF – Get Free Report) insider Keith Spencer sold 1,000,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 157, for a total transaction of £1,570,000.
Pan African Resources Price Performance
Shares of PAF opened at GBX 154.30 on Thursday. Pan African Resources PLC has a fifty-two week low of GBX 42.65 and a fifty-two week high of GBX 185. The firm’s 50 day moving average price is GBX 153.38 and its 200 day moving average price is GBX 124.86. The company has a market cap of £3.13 billion, a P/E ratio of 12.90, a PEG ratio of 8.95 and a beta of 0.85. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 20.15.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on PAF shares. Berenberg Bank lowered their target price on shares of Pan African Resources from GBX 190 to GBX 181 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Canaccord Genuity Group lifted their target price on shares of 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 MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 170.50.
About Pan African Resources
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