Pan African Resources plc (PAF) Raised to Buy at HSBC Holdings plc
HSBC Holdings plc upgraded shares of Pan African Resources plc (LON:PAF) to a buy rating in a research report sent to investors on Tuesday, MarketBeat reports. They currently have GBX 16 ($0.21) price objective on the stock, up from their prior price objective of GBX 15 ($0.20).
Other equities analysts also recently issued research reports about the company. Peel Hunt restated 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, October 18th. Numis Securities Ltd restated a buy rating and issued a GBX 28 ($0.37) target price on shares of Pan African Resources plc in a research report on Thursday, September 21st. Finally, FinnCap restated a buy rating and issued a GBX 24 ($0.32) target price on shares of Pan African Resources plc in a research report on Tuesday, September 12th. Five analysts have rated the stock with a buy rating, Pan African Resources plc has an average rating of Buy and an average target price of GBX 21 ($0.28).
Pan African Resources plc (LON:PAF) remained flat at $GBX 13.75 ($0.18) during trading hours on Tuesday. 1,640,573 shares of the stock were exchanged.
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In other Pan African Resources plc news, insider Cobus Loots bought 200,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was bought at an average price of GBX 1,275 ($16.83) per share, with a total value of £2,550,000 ($3,365,003.96).
Pan African Resources plc Company Profile
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