Pan African Resources (LON:PAF) Price Target Raised to GBX 160 at Canaccord Genuity Group

Pan African Resources (LON:PAF) had its price objective hoisted by research analysts at Canaccord Genuity Group from GBX 135 to GBX 160 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 13.96% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 112 price objective on shares of Pan African Resources in a report on Thursday, November 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 136.

Pan African Resources Stock Performance

Shares of PAF traded up GBX 3.80 during mid-day trading on Thursday, reaching GBX 140.40. 111,851,641 shares of the company’s stock traded hands, compared to its average volume of 26,389,527. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78. The business’s 50-day moving average price is GBX 120.96 and its 200-day moving average price is GBX 92.88. The stock has a market capitalization of £2.85 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. Pan African Resources has a 12 month low of GBX 33 and a 12 month high of GBX 152.60.

Pan African Resources Company Profile