Pan African Resources (LON:PAF) Price Target Cut to GBX 181 by Analysts at Berenberg Bank

Pan African Resources (LON:PAF) had its target price decreased by research analysts at Berenberg Bank from GBX 190 to GBX 181 in a research report issued on Tuesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 12.84% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their price target 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 170.50.

Pan African Resources Price Performance

Shares of PAF stock remained flat at GBX 160.40 during trading on Tuesday. 132,831,813 shares of the stock were exchanged, compared to its average volume of 22,771,418. Pan African Resources has a twelve month low of GBX 34.55 and a twelve month high of GBX 185. The firm’s 50 day moving average is GBX 142.92 and its two-hundred day moving average is GBX 109.42. The stock has a market capitalization of £3.25 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 8.95 and a beta of 0.66. The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 20.15.

Pan African Resources Company Profile