Pan African Resources (LON:PAF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Pan African Resources PLC (LON:PAF)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 129.67 and traded as low as GBX 124.80. Pan African Resources shares last traded at GBX 128.45, with a volume of 10,067,989 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PAF shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 155 target price on shares of Pan African Resources in a research report on Friday, August 7th. Berenberg Bank lowered their price target 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. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 156.

Pan African Resources Trading Up 3.9%

The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 19.51. The stock has a market capitalization of £2.76 billion, a P/E ratio of 11.40, a PEG ratio of 8.95 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 106.36 and its 200 day simple moving average is GBX 129.60.

Pan African Resources Company Profile