Pan African Resources (LON:PAF) Given Buy Rating at Berenberg Bank

Pan African Resources (LON:PAF)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued on Friday, London Stock Exchange reports. They presently have a GBX 153 target price on the stock. Berenberg Bank’s price target points to a potential upside of 23.69% from the stock’s previous close.

Separately, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 155 target price on shares of Pan African Resources in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 156.

Pan African Resources Stock Down 2.0%

Shares of Pan African Resources stock opened at GBX 123.70 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 19.51. The company has a market cap of £2.51 billion, a P/E ratio of 10.34, a PEG ratio of 8.95 and a beta of 0.70. The firm’s 50 day moving average price is GBX 110.65 and its 200-day moving average price is GBX 128.80. Pan African Resources has a 52-week low of GBX 75.10 and a 52-week high of GBX 185.

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