African Barrick Gold Stock Rating Reaffirmed by Deutsche Bank (ABG)

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Deutsche Bank reissued their hold rating on shares of African Barrick Gold (LON:ABG) in a research note released on Monday morning, Stock Ratings Network reports. They currently have a GBX 190 ($3.13) target price on the stock.

Deutsche Bank has also modified their ratings on a number of other stocks in the few days. The firm reiterated its buy rating on shares of Rio Tinto. Also, Deutsche Bank lowered its price target on shares of StealthGas from $14.00 to $12.00. They have a buy rating on that stock. Finally, Deutsche Bank reiterated its hold rating on shares of Seaspan Co.. They have a $26.00 price target on that stock, up previously from $23.00.

A number of other firms have also recently commented on ABG. Analysts at Liberum Capital reiterated a sell rating on shares of African Barrick Gold in a research note to investors on Friday. They now have a GBX 154 ($2.54) price target on the stock. Separately, analysts at HSBC downgraded shares of African Barrick Gold to an underweight rating in a research note to investors on Wednesday, January 22nd. They now have a GBX 160 ($2.64) price target on the stock, down previously from GBX 200 ($3.30). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of African Barrick Gold from GBX 170 ($2.80) to GBX 200 ($3.30) in a research note to investors on Wednesday, January 22nd. They now have a neutral rating on the stock. Ten analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. African Barrick Gold presently has an average rating of Hold and an average price target of GBX 180.03 ($2.97).

Shares of African Barrick Gold (LON:ABG) traded down 0.42% during mid-day trading on Monday, hitting GBX 211.30. 337,813 shares of the company’s stock traded hands. African Barrick Gold has a 52-week low of GBX 93.50 and a 52-week high of GBX 369.00. The stock’s 50-day moving average is GBX 184.2 and its 200-day moving average is GBX 163.8. The company’s market cap is £866.5 million.

African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.

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