Berenberg Bank Reiterates “Buy” Rating for Pan African Resources (LON:PAF)

Pan African Resources (LON:PAF)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Friday, London Stock Exchange reports. They presently have a GBX 153 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 23.69% from the stock’s current price.

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

Pan African Resources Trading Down 2.0%

Shares of LON PAF opened at GBX 123.70 on Friday. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.74 and a current ratio of 0.98. The business’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 fifty-two week low of GBX 75.10 and a fifty-two week high of GBX 185. The company has a market cap of £2.51 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 8.95 and a beta of 0.70.

Pan African Resources Company Profile