Latest Stocks: Pan African Resources plc (PAF) Given Consensus Recommendation of “Buy” by Brokerages

Latest Stocks: Pan African Resources plc (PAF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Pan African Resources plc (LON:PAF) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 23.40 ($0.30).

Several equities research analysts have issued reports on the company. Shore Capital reissued a “not rated” rating on shares of Pan African Resources plc in a research note on Wednesday, April 5th. Peel Hunt cut Pan African Resources plc to an “add” rating and raised their target price for the stock from GBX 18 ($0.23) to GBX 19 ($0.25) in a research note on Monday, February 27th. Macquarie reissued an “outperform” rating and set a GBX 17 ($0.22) target price on shares of Pan African Resources plc in a research note on Friday, March 3rd. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 32 ($0.41) target price on shares of Pan African Resources plc in a research note on Thursday, February 23rd.

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