ACG Acquisition (LON:ACG) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

ACG Acquisition (LON:ACG) had its price objective boosted by stock analysts at Canaccord Genuity Group from GBX 1,230 to GBX 1,500 in a research note issued on Thursday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 36.36% from the stock’s current price.

Separately, Berenberg Bank upped their price objective on ACG Acquisition from GBX 820 to GBX 1,190 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ACG Acquisition has an average rating of “Buy” and a consensus price target of GBX 1,345.

ACG Acquisition Price Performance

ACG traded down GBX 65 during trading hours on Thursday, reaching GBX 1,100. The company’s stock had a trading volume of 139,657 shares, compared to its average volume of 10,642. The business’s 50-day moving average is GBX 988.35 and its 200-day moving average is GBX 706.17. The stock has a market cap of £238.25 million and a PE ratio of 22.45. ACG Acquisition has a fifty-two week low of GBX 385 and a fifty-two week high of GBX 1,183.70.

ACG Acquisition (LON:ACG) last issued its quarterly earnings results on Monday, September 15th. The company reported GBX 80 earnings per share for the quarter.

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.