Centamin PLC (LON:CEY) Receives a Lower Rating From Berenberg. Will This be Detrimental to the Share Price?

Centamin PLC (LON:CEY) Receives a Downgrade

The stock rating of Centamin PLC (LON:CEY) was lowered by investment analysts at Berenberg to a Hold. This has been announced in a research note shared with investors on 7 December. Berenberg after the upgrade has a GBX 106.00 TP on the shares, which would indicate a possible upside of 5.76 %.

Centamin plc (LON:CEY) Ratings Coverage

Among 5 analysts covering Centamin PLC (LON:CEY), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Centamin PLC has GBX 200 highest and GBX 115 lowest target. GBX 123’s average target is 22.88% above currents GBX 100.1 stock price. Centamin PLC had 8 analyst reports since July 10, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 5 with “Outperform”. On Tuesday, September 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating by Numis Securities on Tuesday, July 10. The firm has “Neutral” rating given on Tuesday, October 30 by Goldman Sachs. The stock of Centamin plc (LON:CEY) earned “Buy” rating by Numis Securities on Friday, August 3. The firm earned “Buy” rating on Friday, October 5 by Numis Securities. Jefferies maintained the stock with “Hold” rating in Wednesday, October 17 report. The firm has “Buy” rating by Berenberg given on Tuesday, October 9.

The stock increased 0.83% or GBX 0.82 during the last trading session, reaching GBX 100.1. About 2.54 million shares traded. Centamin plc (LON:CEY) has 0.00% since December 7, 2017 and is . It has underperformed by 15.62% the S&P500.

More notable recent Centamin plc (LON:CEY) news were published by: Dailyherald.com which released: “The 1,732 Cubs ballplayers from 1909 to 2016 – Chicago Daily Herald” on November 06, 2016, also Mining.com with their article: “Centamin shareholders get bumper divvy, despite 2017 profit fall – MINING.com” published on January 31, 2018, Azcentral.com published: “The Mac Attack: Fantasy Camp at Camelback Ranch would make an ideal Father’s Day gift – azcentral.com” on May 19, 2015. More interesting news about Centamin plc (LON:CEY) were released by: Mining.com and their article: “Centamin jumps on better-than-expected gold output estimates – MINING.com” published on January 10, 2018 as well as Mining.com‘s news article titled: “No end in sight for Centamin legal fight over gold mine in Egypt – MINING.com” with publication date: August 14, 2014.

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