Shares of Pan African Resources PLC (LON:PAF – Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 119.76 and traded as high as GBX 121.50. Pan African Resources shares last traded at GBX 120.20, with a volume of 4,573,905 shares changing hands.
Analysts Set New Price Targets
Several research firms recently issued reports on PAF. Berenberg Bank restated a “buy” rating and set a GBX 153 price objective on shares of Pan African Resources in a research report on Friday, September 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 155 target price on shares of Pan African Resources in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 156.
Get Our Latest Analysis on Pan African Resources
Pan African Resources Stock Down 0.1%
The stock has a market capitalization of £2.50 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 8.95 and a beta of 0.74. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.47 and a quick ratio of 0.74. The business has a fifty day moving average of GBX 119.76 and a 200 day moving average of GBX 127.93.
About Pan African Resources
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