Pan African Resources (LON:PAF) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Pan African Resources PLC (LON:PAF) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 123.33 and traded as low as GBX 116.20. Pan African Resources shares last traded at GBX 117.56, with a volume of 5,657,421 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 155 price objective on shares of Pan African Resources in a report on Friday, August 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 153 target price on shares of Pan African Resources in a report on Friday, September 11th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 156.

Pan African Resources Price Performance

The firm has a market capitalization of £2.50 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 8.95 and a beta of 0.74. The company has a fifty day moving average price of GBX 121.97 and a two-hundred day moving average price of GBX 123.33. The company has a quick ratio of 0.74, a current ratio of 1.47 and a debt-to-equity ratio of 5.71.

Pan African Resources Company Profile