Pan African Resources (LON:PAF) Shares Cross Below 200-Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of Pan African Resources PLC (LON:PAF – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 122.63 and traded as low as GBX 117.30. Pan African Resources shares last traded at GBX 117.50, with a volume of 2,925,047 shares traded.

Wall Street Analyst Weigh In

PAF has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and set a GBX 153 price target on shares of Pan African Resources in a research report on Friday, September 11th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 155 target price on shares of Pan African Resources in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 156.

Read Our Latest Stock Report on PAF

Pan African Resources Price Performance

The stock has a 50 day moving average price of GBX 123.76 and a 200-day moving average price of GBX 122.43. The company has a debt-to-equity ratio of 5.71, a current ratio of 1.47 and a quick ratio of 0.74. The stock has a market capitalization of £2.50 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 8.95 and a beta of 0.74.

Pan African Resources Company Profile

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