Berenberg Bank Reaffirms “Buy” Rating for ACG Acquisition (LON:ACG)

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Friday,Digital Look reports. They currently have a GBX 2,100 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 27.27% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price objective on shares of ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 2,135.

ACG Acquisition Price Performance

Shares of LON ACG opened at GBX 1,650 on Friday. The stock has a market capitalization of £381.51 million and a price-to-earnings ratio of 33.67. ACG Acquisition has a 12 month low of GBX 420 and a 12 month high of GBX 1,790. The firm’s 50 day simple moving average is GBX 1,431.34 and its 200-day simple moving average is GBX 1,265.42.

About ACG Acquisition

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.