ACG Acquisition (LON:ACG) Price Target Raised to GBX 1,230

Key Points

• Canaccord Genuity Group raised its price target for ACG Acquisition from GBX 1,130 to GBX 1,230, indicating a potential upside of 12.84%.
• Berenberg Bank also increased their price target for ACG Acquisition from GBX 820 to GBX 1,190, with both analysts maintaining a "buy" rating.
• ACG Acquisition's current stock price is GBX 1,090, with a trading volume of 6,638 shares and a market capitalization of £236.08 million.

ACG Acquisition (LON:ACG - Get Free Report) had its price target increased by analysts at Canaccord Genuity Group from GBX 1,130 to GBX 1,230 in a research note issued on Wednesday,London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 12.84% from the stock's previous close.

Separately, Berenberg Bank increased their price objective on ACG Acquisition from GBX 820 to GBX 1,190 and gave the company a "buy" rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 1,210.

ACG Acquisition Stock Performance

Shares of ACG remained flat at GBX 1,090 during midday trading on Wednesday. The company's stock had a trading volume of 6,638 shares, compared to its average volume of 10,197. The business has a fifty day simple moving average of GBX 823.55 and a 200 day simple moving average of GBX 589.36. The company has a market capitalization of £236.08 million and a PE ratio of 2,224.49. ACG Acquisition has a twelve month low of GBX 385 and a twelve month high of GBX 1,180.

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

ACG Acquisition Company Profile

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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