Pan African Resources plc (LON:PAF) was upgraded by equities researchers at HSBC Holdings plc to a “buy” rating in a report released on Tuesday. The brokerage presently has a GBX 16 ($0.21) price objective on the stock, up from their prior price objective of GBX 15 ($0.20). HSBC Holdings plc’s price objective indicates a potential upside of 16.36% from the stock’s previous close.

PAF has been the subject of a number of other reports. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 28 ($0.37) price objective on shares of Pan African Resources plc in a research report on Friday, August 25th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 20 ($0.26) price objective on shares of Pan African Resources plc in a research report on Wednesday, September 20th. Finally, FinnCap reaffirmed a “buy” rating and issued a GBX 24 ($0.32) price objective on shares of Pan African Resources plc in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of GBX 21 ($0.28).

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In related news, insider Cobus Loots bought 200,000 shares of Pan African Resources plc stock in a transaction dated Friday, September 29th. The stock was purchased at an average cost 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

Analyst Recommendations for Pan African Resources plc (LON:PAF)

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