ACG Acquisition (LON:ACG) Price Target Raised to GBX 1,190 at Berenberg Bank

Key Points

• Berenberg Bank has raised its price target for ACG Acquisition from GBX 820 to GBX 1,190, maintaining a "buy" rating and indicating a potential upside of 14.42%.
• Canaccord Genuity Group also reaffirmed a "buy" rating with a price target of GBX 1,130, contributing to a current consensus rating of "buy" and a target price of GBX 1,160.
• ACG Acquisition's shares traded down 1.0% to GBX 1,040 after the announcement, with a market cap of £225.25 million and a high P/E ratio of 2,122.45.

ACG Acquisition (LON:ACG - Get Free Report) had its price objective upped by equities researchers at Berenberg Bank from GBX 820 to GBX 1,190 in a research report issued on Tuesday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 14.42% from the company's previous close.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 1,130 price objective on shares of ACG Acquisition in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ACG Acquisition currently has a consensus rating of "Buy" and a consensus target price of GBX 1,160.

ACG Acquisition Trading Down 1.0%

Shares of LON ACG traded down GBX 10 during midday trading on Tuesday, reaching GBX 1,040. 8,529 shares of the company were exchanged, compared to its average volume of 7,125. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 1,120. The stock has a fifty day simple moving average of GBX 771.23 and a 200 day simple moving average of GBX 543.85. The stock has a market cap of £225.25 million and a P/E ratio of 2,122.45.

ACG Acquisition (LON:ACG - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The company reported GBX 80 earnings per share (EPS) 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.

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