ACG Acquisition (LON:ACG) Earns Buy Rating from Berenberg Bank

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 760 ($10.20) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 19.31% from the stock’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 830 ($11.14) target price on shares of ACG Acquisition in a research note on Tuesday.

ACG Acquisition Stock Performance

ACG opened at GBX 637 ($8.55) on Tuesday. The stock has a market capitalization of £12.11 billion and a price-to-earnings ratio of -576.83. The company has a fifty day moving average of GBX 502.88 and a 200 day moving average of GBX 235.47. ACG Acquisition has a fifty-two week low of GBX 385 ($5.17) and a fifty-two week high of GBX 1,232 ($16.53).

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.