ACG Acquisition (LON:ACG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

ACG Acquisition (LON:ACG - Get Free Report) had its target price upped by analysts at Berenberg Bank from GBX 720 ($9.83) to GBX 760 ($10.38) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price target suggests a potential upside of 38.18% from the stock's previous close.

Separately, Canaccord Genuity Group assumed coverage on ACG Acquisition in a report on Tuesday, June 17th. They issued a "buy" rating and a GBX 830 ($11.33) target price on the stock.

ACG Acquisition Stock Performance

LON:ACG remained flat at GBX 550 ($7.51) on Wednesday. The company's stock had a trading volume of 918 shares, compared to its average volume of 2,701. The company has a 50-day moving average of GBX 475.30 and a 200 day moving average of GBX 199.25. ACG Acquisition has a 12 month low of GBX 385 ($5.26) and a 12 month high of GBX 1,232 ($16.82). The firm has a market capitalization of £10.45 billion and a price-to-earnings ratio of -498.04.

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.