Shares of Pan African Resources PLC (LON:PAF – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 136.12 and traded as low as GBX 111.50. Pan African Resources shares last traded at GBX 114.23, with a volume of 7,799,690 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank decreased their target price on Pan African Resources from GBX 165 to GBX 153 and set a “buy” rating on the stock in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 156.50.
Check Out Our Latest Research Report on Pan African Resources
Pan African Resources Trading Down 3.2%
Insider Buying and Selling at Pan African Resources
In other news, insider Keith Spencer sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 157, for a total transaction of £1,570,000. 2.10% of the stock is currently owned by company insiders.
Pan African Resources Company Profile
Recommended Stories
- Five stocks we like better than Pan African Resources
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Receive News & Ratings for Pan African Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources and related companies with MarketBeat.com's FREE daily email newsletter.
