Peel Hunt Reaffirms Buy Rating for Pan African Resources plc (PAF)

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.

COPYRIGHT VIOLATION WARNING: “Peel Hunt Reaffirms Buy Rating for Pan African Resources plc (PAF)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/27/pan-african-resources-plc-paf-rating-reiterated-by-peel-hunt.html.

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

Receive News & Ratings for Pan African Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply