Berenberg Bank Reiterates Buy Rating for ACG Acquisition (LON:ACG)

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They presently have a GBX 2,300 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 22.99% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their price objective on ACG Acquisition from GBX 2,170 to GBX 2,370 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 2,315.

ACG Acquisition Stock Down 1.6%

ACG stock opened at GBX 1,870 on Thursday. ACG Acquisition has a 52 week low of GBX 880 and a 52 week high of GBX 2,102.93. The firm has a market capitalization of £432.81 million and a P/E ratio of -9.17. The company has a fifty day simple moving average of GBX 2,007.68 and a two-hundred day simple moving average of GBX 1,731.47.

ACG Acquisition (LON:ACG) last posted its earnings results on Thursday, September 17th. The company reported GBX (1.70) earnings per share for the quarter. ACG Acquisition had a negative return on equity of 104.92% and a negative net margin of 43.72%.

ACG Acquisition Company Profile

ACG Metals is a company with a vision to build a global, high-margin, copper-focused producer with safe, efficient, and sustainable operations.
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 39.2koz of AuEq in 2025.
ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.