ACG Acquisition's (ACG) Buy Rating Reiterated at Berenberg Bank

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.

Berenberg Bank restated their buy rating on shares of ACG Acquisition (LON:ACG - Free Report) in a report issued on Monday morning, MarketBeat.com reports. They currently have a GBX 820 price objective on the stock.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating on shares of ACG Acquisition in a report on Monday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ACG Acquisition has an average rating of "Buy" and a consensus target price of GBX 825.

ACG Acquisition Stock Performance

ACG traded up GBX 20 on Monday, hitting GBX 895. 2,986 shares of the company were exchanged, compared to its average volume of 7,083. The business's fifty day moving average is GBX 688.95 and its 200 day moving average is GBX 457.78. ACG Acquisition has a fifty-two week low of GBX 385 and a fifty-two week high of GBX 960. The firm has a market capitalization of £193.85 million and a P/E ratio of -566.46.

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