Pan African Resources’ (PAF) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Pan African Resources (LON:PAFFree Report) in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a GBX 154 price target on the stock.

Separately, Canaccord Genuity Group boosted their target price on shares of Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pan African Resources has a consensus rating of “Buy” and a consensus target price of GBX 157.

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Pan African Resources Stock Up 4.4%

PAF stock opened at GBX 145.18 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The firm has a 50 day simple moving average of GBX 124.77 and a 200-day simple moving average of GBX 95.86. The company has a market capitalization of £2.94 billion, a P/E ratio of 20.28, a PEG ratio of 8.95 and a beta of 0.89. Pan African Resources has a twelve month low of GBX 33 and a twelve month high of GBX 152.60.

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