Berenberg Bank Increases Anglo Pacific Group (LON:APF) Price Target to GBX 300

Anglo Pacific Group (LON:APFGet Rating) had its price target raised by Berenberg Bank from GBX 260 ($3.18) to GBX 300 ($3.67) in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 106.33% from the company’s previous close.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 245 ($3.00) target price on shares of Anglo Pacific Group in a research note on Thursday, March 24th.

Shares of APF stock opened at GBX 145.40 ($1.78) on Wednesday. The firm has a market cap of £310.84 million and a price-to-earnings ratio of 9.69. The company has a debt-to-equity ratio of 31.58, a quick ratio of 4.81 and a current ratio of 4.85. Anglo Pacific Group has a 52 week low of GBX 119.41 ($1.46) and a 52 week high of GBX 192.67 ($2.36). The firm’s 50-day simple moving average is GBX 165.83 and its two-hundred day simple moving average is GBX 154.81.

In related news, insider Patrick Meier sold 28,024 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of GBX 174 ($2.13), for a total transaction of £48,761.76 ($59,727.78).

About Anglo Pacific Group (Get Rating)

Anglo Pacific Group plc operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. Anglo Pacific Group plc was incorporated in 1967 and is headquartered in London, the United Kingdom.

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