Pan African Resources (LON:PAF) Sets New 1-Year High – What’s Next?

Pan African Resources PLC (LON:PAF) shares hit a new 52-week high on Monday . The company traded as high as GBX 147.20 and last traded at GBX 146, with a volume of 35479109 shares trading hands. The stock had previously closed at GBX 138.66.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 112 target price on shares of Pan African Resources in a research note on Thursday, November 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 112.

Pan African Resources Stock Performance

The business’s fifty day moving average is GBX 115.76 and its 200-day moving average is GBX 89.50. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80. The company has a market cap of £2.99 billion, a PE ratio of 20.58, a P/E/G ratio of 8.95 and a beta of 0.89.

Pan African Resources Company Profile