Berenberg Bank Increases ACG Acquisition (LON:ACG) Price Target to GBX 760

ACG Acquisition (LON:ACG) had its price objective boosted by equities research analysts at Berenberg Bank from GBX 720 ($9.83) to GBX 760 ($10.38) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 38.18% from the company’s current price.

Separately, Canaccord Genuity Group initiated coverage on ACG Acquisition in a research report on Tuesday, June 17th. They issued a “buy” rating and a GBX 830 ($11.33) target price for the company.

ACG Acquisition Price Performance

Shares of ACG stock opened at GBX 550 ($7.51) on Wednesday. ACG Acquisition has a 12-month low of GBX 385 ($5.26) and a 12-month high of GBX 1,232 ($16.82). The firm has a market capitalization of £10.45 billion and a price-to-earnings ratio of -498.04. The business has a 50 day simple moving average of GBX 475.30 and a 200 day simple moving average of GBX 199.25.

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.