Canaccord Genuity Group Forecasts Strong Price Appreciation for Pan African Resources (LON:PAF) Stock

Pan African Resources (LON:PAFGet Free Report) had its target price raised by research analysts at Canaccord Genuity Group from GBX 135 to GBX 160 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 13.96% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 112 target price on shares of Pan African Resources in a research note on Thursday, November 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 136.

Check Out Our Latest Stock Report on Pan African Resources

Pan African Resources Stock Performance

Shares of Pan African Resources stock opened at GBX 140.40 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The company has a market cap of £2.85 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a 50 day moving average of GBX 122.63 and a 200-day moving average of GBX 93.81. Pan African Resources has a 1-year low of GBX 33 and a 1-year high of GBX 152.60.

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