Berenberg Bank Issues Pessimistic Forecast for Pan African Resources (LON:PAF) Stock Price

Pan African Resources (LON:PAF) had its price target lowered by equities research analysts at Berenberg Bank from GBX 165 to GBX 153 in a research note issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 27.50% from the company’s current price.

Separately, Canaccord Genuity Group raised their price target on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 156.50.

Pan African Resources Price Performance

Shares of PAF stock opened at GBX 120 on Monday. Pan African Resources has a 52-week low of GBX 44.10 and a 52-week high of GBX 185. The company has a debt-to-equity ratio of 20.15, a quick ratio of 0.74 and a current ratio of 0.98. The firm has a market capitalization of £2.43 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.95 and a beta of 0.78. The stock has a 50 day moving average price of GBX 144.53 and a 200 day moving average price of GBX 134.69.

Insiders Place Their Bets

In other Pan African Resources news, insider Keith Spencer sold 1,000,000 shares of Pan African Resources stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 157, for a total transaction of £1,570,000. 2.15% of the stock is currently owned by company insiders.

About Pan African Resources