ACG Acquisition (LON:ACG) Price Target Raised to GBX 1,740

ACG Acquisition (LON:ACG) had its target price hoisted by Berenberg Bank from GBX 1,190 to GBX 1,740 in a research note issued to investors on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group lifted their target price on ACG Acquisition from GBX 1,230 to GBX 1,500 and gave the company a “buy” rating in a research note on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,620.

ACG Acquisition Stock Down 0.2%

ACG stock opened at GBX 1,107.80 on Monday. The firm has a market cap of £239.94 million and a price-to-earnings ratio of 22.61. ACG Acquisition has a twelve month low of GBX 385 and a twelve month high of GBX 1,183.70. The business’s fifty day simple moving average is GBX 1,025.80 and its two-hundred day simple moving average is GBX 730.06.

ACG Acquisition (LON:ACG) last issued its earnings results on Monday, September 15th. The company reported GBX 80 earnings per share for the quarter.

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.