Shares of Pan African Resources plc (LON:PAF) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 22.60 ($0.29).
Several equities research analysts recently weighed in on the stock. Numis Securities Ltd cut their target price on shares of Pan African Resources plc from GBX 30 ($0.39) to GBX 28 ($0.36) and set a “buy” rating on the stock in a research note on Friday, July 21st. Shore Capital reaffirmed a “not rated” rating on shares of Pan African Resources plc in a research note on Monday, June 26th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 20 ($0.26) target price on shares of Pan African Resources plc in a research note on Friday, June 9th.
Shares of Pan African Resources plc (LON PAF) traded down 1.82% during midday trading on Tuesday, reaching GBX 13.50. 751,502 shares of the company’s stock traded hands. Pan African Resources plc has a 1-year low of GBX 12.75 and a 1-year high of GBX 24.50. The stock’s market capitalization is GBX 203.42 million. The firm’s 50-day moving average price is GBX 14.44 and its 200 day moving average price is GBX 15.50.
Pan African Resources plc Company Profile
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