Pan African Resources plc (PAF) Given Consensus Rating of “Buy” by Analysts
Shares of Pan African Resources plc (LON:PAF) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is GBX 21 ($0.28).
Several equities analysts recently commented on PAF shares. Numis Securities Ltd reduced their target price on Pan African Resources plc from GBX 30 ($0.39) to GBX 28 ($0.37) and set a “buy” rating for the company in a research report on Friday, July 21st. Peel Hunt restated a “buy” rating and set a GBX 20 ($0.26) target price on shares of Pan African Resources plc in a research report on Tuesday, August 29th. HSBC Holdings plc upgraded Pan African Resources plc to a “buy” rating and boosted their target price for the stock 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 set a GBX 24 ($0.32) target price on shares of Pan African Resources plc in a research report on Tuesday, September 12th.
Pan African Resources plc (PAF) remained flat at $GBX 14.25 ($0.19) during trading hours on Tuesday. 967,150 shares of the company’s stock traded hands, compared to its average volume of 1,830,000. Pan African Resources plc has a 12 month low of GBX 12.25 ($0.16) and a 12 month high of GBX 22 ($0.29).
In other news, insider Cobus Loots acquired 200,000 shares of the business’s stock in a transaction dated 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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Pan African Resources plc Company Profile
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