Pan African Resources (LON:PAF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Pan African Resources PLC (LON:PAFGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 133.91 and traded as low as GBX 88.20. Pan African Resources shares last traded at GBX 88.84, with a volume of 3,553,581 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price target on Pan African Resources from GBX 165 to GBX 153 and set a “buy” rating for the company in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 156.50.

Get Our Latest Stock Report on PAF

Pan African Resources Stock Up 3.6%

The company has a current ratio of 0.98, a quick ratio of 0.74 and a debt-to-equity ratio of 19.51. The company has a market capitalization of £1.94 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 8.95 and a beta of 0.70. The firm’s 50 day moving average price is GBX 112.37 and its two-hundred day moving average price is GBX 133.71.

Pan African Resources Company Profile

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