Pan African Resources (LON:PAF) Insider Keith Spencer Sells 1,000,000 Shares

Pan African Resources PLC (LON:PAF) insider Keith Spencer sold 1,000,000 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 157, for a total transaction of £1,570,000.

Pan African Resources Stock Down 2.9%

PAF stock opened at GBX 163.12 on Tuesday. The company has a debt-to-equity ratio of 20.15, a current ratio of 0.98 and a quick ratio of 0.74. Pan African Resources PLC has a 52-week low of GBX 42.65 and a 52-week high of GBX 185. The company has a 50-day moving average of GBX 152.79 and a two-hundred day moving average of GBX 124.17. The stock has a market capitalization of £3.31 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 8.95 and a beta of 0.85.

Analyst Upgrades and Downgrades

PAF has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of Pan African Resources from GBX 135 to GBX 160 and gave the company a “buy” rating in a report on Thursday, February 5th. Berenberg Bank cut their price objective on shares of Pan African Resources from GBX 190 to GBX 181 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 170.50.

Pan African Resources Company Profile