ACG Acquisition (LON:ACG) Price Target Raised to GBX 1,950 at Canaccord Genuity Group

ACG Acquisition (LON:ACG) had its price objective raised by Canaccord Genuity Group from GBX 1,500 to GBX 1,950 in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank increased their price target on ACG Acquisition from GBX 1,190 to GBX 1,740 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, ACG Acquisition has a consensus rating of “Buy” and a consensus target price of GBX 2,025.

ACG Acquisition Price Performance

ACG stock opened at GBX 1,400 on Monday. The business has a fifty day moving average price of GBX 1,127.94 and a 200 day moving average price of GBX 927.55. ACG Acquisition has a fifty-two week low of GBX 385 and a fifty-two week high of GBX 1,400. The stock has a market capitalization of £319.03 million and a price-to-earnings ratio of 28.57.

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. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.