Pan African Resources PLC (PAF) Given Average Rating of “Buy” by Brokerages
Shares of Pan African Resources PLC (LON:PAF) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 21 ($0.28).
A number of equities research analysts recently issued reports on the company. Numis Securities Ltd reissued a “buy” rating and issued a GBX 28 ($0.37) target price on shares of Pan African Resources PLC in a research report on Friday, August 25th. Peel Hunt reissued a “buy” rating and issued a GBX 20 ($0.26) target price on shares of Pan African Resources PLC in a research report on Wednesday, September 20th. raised Pan African Resources PLC to a “buy” rating and lifted their target price for the company from GBX 15 ($0.20) to GBX 16 ($0.21) in a research report on Tuesday, October 31st. Finally, FinnCap restated a “buy” rating and issued a GBX 24 ($0.32) price target on shares of Pan African Resources PLC in a research note on Tuesday, September 12th.
Shares of Pan African Resources PLC (LON:PAF) opened at GBX 15 ($0.20) on Friday. Pan African Resources PLC has a 1 year low of GBX 12.25 ($0.16) and a 1 year high of GBX 19.50 ($0.26).
In related news, insider Cobus Loots purchased 200,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was purchased at an average cost of GBX 1,275 ($16.77) per share, for a total transaction of £2,550,000 ($3,353,939.23).
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About Pan African Resources PLC
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