Berenberg Bank Reiterates “Hold” Rating for Centamin (LON:CEY)

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Centamin (LON:CEY)‘s stock had its “hold” rating restated by Berenberg Bank in a report released on Friday, ThisIsMoney.Co.Uk reports.

Other research analysts have also issued reports about the stock. Royal Bank of Canada restated a “sell” rating and issued a $7.50 price objective on shares of Deutsche Bank in a research note on Thursday, April 25th. Peel Hunt dropped their price objective on shares of Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Numis Securities restated a “buy” rating and issued a GBX 110 ($1.44) price objective on shares of Centamin in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 106 ($1.39).

LON CEY opened at GBX 118 ($1.54) on Friday. The firm has a market capitalization of $1.36 billion and a price-to-earnings ratio of 18.44. Centamin has a one year low of GBX 79.14 ($1.03) and a one year high of GBX 136.75 ($1.79). The company has a fifty day simple moving average of GBX 108.16.

About Centamin

Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.

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Analyst Recommendations for Centamin (LON:CEY)

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