Berenberg Bank Trims Anglo Pacific Group (LON:APF) Target Price to GBX 213

Anglo Pacific Group (LON:APF) had its target price lowered by equities researchers at Berenberg Bank from GBX 235 ($3.09) to GBX 213 ($2.80) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 17.36% from the stock’s previous close.

Several other brokerages also recently issued reports on APF. Shore Capital reiterated a “not rated” rating on shares of Anglo Pacific Group in a research note on Monday, September 2nd. Peel Hunt increased their price target on shares of Anglo Pacific Group from GBX 235 ($3.09) to GBX 245 ($3.22) and gave the company a “buy” rating in a report on Thursday, November 14th. Bank of America reissued a “buy” rating on shares of Anglo Pacific Group in a research report on Wednesday, October 9th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 235 ($3.09) price objective on shares of Anglo Pacific Group in a report on Monday, September 16th. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of GBX 229.50 ($3.02).

LON:APF opened at GBX 181.50 ($2.39) on Tuesday. The firm has a market cap of $329.37 million and a P/E ratio of 7.15. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.52 and a current ratio of 2.52. Anglo Pacific Group has a fifty-two week low of GBX 131 ($1.72) and a fifty-two week high of GBX 229 ($3.01). The firm has a 50-day simple moving average of GBX 189.45 and a two-hundred day simple moving average of GBX 199.93.

In related news, insider Graeme Dacomb purchased 10,000 shares of Anglo Pacific Group stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of GBX 192 ($2.53) per share, for a total transaction of £19,200 ($25,256.51). Also, insider Julian Treger sold 33,000 shares of Anglo Pacific Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of GBX 180 ($2.37), for a total transaction of £59,400 ($78,137.33). Insiders bought 20,120 shares of company stock valued at $3,872,080 in the last 90 days.

About Anglo Pacific Group

Anglo Pacific Group plc operates as a natural resources royalty company. The company, together with its subsidiaries, engages in securing natural resources royalties by acquisition and through investment in mining and exploration interests in coking and thermal coal, vanadium, gold, uranium, anthracite, nickel-cobalt, chromite, iron ore, copper, and silver.

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Analyst Recommendations for Anglo Pacific Group (LON:APF)

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