ACG Acquisition (LON:ACG) Given Buy Rating at Berenberg Bank

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report released on Friday,Digital Look reports. They currently have a GBX 2,100 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 27.37% from the stock’s previous close.

Separately, Canaccord Genuity Group upped their price objective on shares of ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ACG Acquisition has a consensus rating of “Buy” and a consensus price target of GBX 2,135.

ACG Acquisition Trading Up 0.5%

ACG traded up GBX 8.80 during trading on Friday, reaching GBX 1,648.80. 7,744 shares of the company’s stock were exchanged, compared to its average volume of 14,535. ACG Acquisition has a one year low of GBX 420 and a one year high of GBX 1,790. The stock has a market capitalization of £381.24 million and a PE ratio of 33.65. The firm has a fifty day moving average price of GBX 1,431.34 and a two-hundred day moving average price of GBX 1,258.19.

About ACG Acquisition

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.