Canaccord Genuity Group Raises ACG Acquisition (LON:ACG) Price Target to GBX 2,040

ACG Acquisition (LON:ACG) had its price target upped by research analysts at Canaccord Genuity Group from GBX 1,950 to GBX 2,040 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 54.08% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 2,100 price target on shares of ACG Acquisition in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 2,070.

ACG Acquisition Price Performance

Shares of ACG stock traded down GBX 1 during trading hours on Tuesday, reaching GBX 1,324. The stock had a trading volume of 9,758 shares, compared to its average volume of 12,855. The firm has a market capitalization of £306.14 million and a PE ratio of 27.02. The firm has a 50-day simple moving average of GBX 1,412.86 and a 200-day simple moving average of GBX 1,140.21. ACG Acquisition has a twelve month low of GBX 395 and a twelve month high of GBX 1,790.

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.