Canaccord Genuity Group Issues Positive Forecast for ACG Acquisition (LON:ACG) Stock Price

ACG Acquisition (LON:ACG) had its price target increased by investment analysts at Canaccord Genuity Group from GBX 1,500 to GBX 1,950 in a report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 44.44% from the stock’s current price.

Separately, Berenberg Bank upped their target price on ACG Acquisition from GBX 1,190 to GBX 1,740 and gave the company a “buy” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,845.

ACG Acquisition Price Performance

ACG Acquisition stock traded up GBX 100 during trading hours on Monday, hitting GBX 1,350. 9,362 shares of the stock traded hands, compared to its average volume of 9,310. The firm’s 50 day moving average price is GBX 1,123.94 and its 200-day moving average price is GBX 921.91. The stock has a market capitalization of £307.64 million and a price-to-earnings ratio of 27.55. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 1,350.

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. 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.