ACG Acquisition (LON:ACG) Given Buy Rating at Berenberg Bank

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 2,100 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 55.56% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their target price on ACG Acquisition from GBX 1,500 to GBX 1,950 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 2,025.

ACG Acquisition Stock Performance

LON:ACG traded up GBX 100 during trading hours on Monday, hitting GBX 1,350. 9,362 shares of the company’s stock traded hands, compared to its average volume of 9,310. ACG Acquisition has a twelve month low of GBX 385 and a twelve month high of GBX 1,350. The firm has a market cap of £307.64 million and a P/E ratio of 27.55. The stock’s fifty day moving average price is GBX 1,123.94 and its two-hundred day moving average price is GBX 921.91.

ACG Acquisition Company Profile

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.