Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, October 18th. They currently have a GBX 20 ($0.26) price target on the stock. Peel Hunt’s price objective points to a potential upside of 53.85% from the company’s current price.
Several other analysts have also commented on PAF. Shore Capital reaffirmed a “not rated” rating on shares of Pan African Resources plc in a research report on Monday, June 26th. Numis Securities Ltd reduced their price target on shares of Pan African Resources plc from GBX 30 ($0.40) to GBX 28 ($0.37) and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, FinnCap reaffirmed a “buy” rating and set a GBX 24 ($0.32) price target on shares of Pan African Resources plc in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of GBX 22.25 ($0.29).
Pan African Resources plc (PAF) opened at 13.00 on Wednesday. The firm’s 50-day moving average price is GBX 13.37 and its 200-day moving average price is GBX 14.39. Pan African Resources plc has a 52 week low of GBX 12.25 and a 52 week high of GBX 22.50. The stock’s market cap is GBX 203.36 million.
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In other news, insider Cobus Loots purchased 200,000 shares of Pan African Resources plc stock in a transaction dated Friday, September 29th. The shares were purchased at an average price of GBX 1,275 ($16.83) per share, with a total value of £2,550,000 ($3,365,003.96).
Pan African Resources plc Company Profile
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