Pan African Resources (LON:PAF) Hits New 52-Week High – What’s Next?

Pan African Resources PLC (LON:PAF)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 129.80 and last traded at GBX 129.80, with a volume of 13708666 shares traded. The stock had previously closed at GBX 125.40.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 112 price objective on shares of Pan African Resources in a report on Thursday, November 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Pan African Resources has a consensus rating of “Buy” and a consensus target price of GBX 112.

Pan African Resources Stock Up 2.7%

The business’s 50 day moving average is GBX 110.70 and its 200 day moving average is GBX 85.80. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80. The company has a market cap of £2.61 billion, a P/E ratio of 17.99, a P/E/G ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile