Berenberg Bank Reiterates Buy Rating for ACG Acquisition (LON:ACG)

Key Points

• Berenberg Bank has reaffirmed its buy rating for ACG Acquisition with a target price of GBX 820, indicating a potential downside of 11.35% from the current stock price.
• Canaccord Genuity Group also maintains a buy rating on ACG Acquisition, with an average target price of GBX 825, suggesting a strong consensus among analysts.
• ACG Acquisition's stock has recently traded at GBX 925, with a market capitalization of £200.35 million and a notable 1-year high of GBX 950.

ACG Acquisition (LON:ACG - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 820 price objective on the stock. Berenberg Bank's price target points to a potential downside of 11.35% from the company's current price.

Separately, Canaccord Genuity Group reiterated a "buy" rating on shares of ACG Acquisition in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 825.

ACG Acquisition Trading Up 0.5%

LON:ACG opened at GBX 925 on Monday. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 950. The firm's fifty day simple moving average is GBX 662.65 and its 200 day simple moving average is GBX 435.95. The firm has a market capitalization of £200.35 million and a PE ratio of -585.44.

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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