ACG Acquisition (LON:ACG) Price Target Raised to GBX 1,950

ACG Acquisition (LON:ACG) had its price target raised by stock analysts at Canaccord Genuity Group from GBX 1,500 to GBX 1,950 in a research report issued to clients and investors on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 44.44% from the stock’s current price.

Separately, Berenberg Bank increased their target price on ACG Acquisition from GBX 1,190 to GBX 1,740 and gave the company a “buy” rating in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 1,845.

ACG Acquisition Price Performance

LON ACG traded up GBX 100 during trading hours on Monday, reaching GBX 1,350. The company’s stock had a trading volume of 9,362 shares, compared to its average volume of 9,310. The firm has a market capitalization of £307.64 million and a price-to-earnings ratio of 27.55. The company’s 50-day moving average is GBX 1,123.94 and its two-hundred day moving average is GBX 921.91. ACG Acquisition has a 1-year low of GBX 385 and a 1-year high of GBX 1,350.

ACG Acquisition Company Profile

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.