ACG Acquisition (LON:ACG) Price Target Raised to GBX 2,040

ACG Acquisition (LON:ACG) had its price objective upped by Canaccord Genuity Group from GBX 1,950 to GBX 2,040 in a research report released on Tuesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,100 price objective 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, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 2,070.

ACG Acquisition Stock Performance

LON ACG opened at GBX 1,410 on Tuesday. The company has a market cap of £326.02 million and a P/E ratio of 28.78. The business’s 50 day moving average price is GBX 1,428.34 and its 200-day moving average price is GBX 1,148.43. ACG Acquisition has a fifty-two week low of GBX 395 and a fifty-two week 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.