Centamin PLC 13.5% Potential Decrease Indicated by Morgan Stanley

Broker Ratings
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Centamin PLC with EPIC/TICKER (LON:CEY) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Centamin PLC are listed in the Basic Materials sector within UK Main Market. Morgan Stanley have set their target price at 115 GBX on its stock. This indicates the analyst believes there is a potential downside of -13.5% from the opening price of 133 GBX. Over the last 30 and 90 trading days the company share price has decreased 19.4 points and increased 13.3 points respectively. The 1 year high for the share price is 162.4 GBX while the 52 week low for the share price is 79.14 GBX.

Centamin PLC has a 50 day moving average of 133.38 GBX and a 200 day moving average of 126.65. There are currently 1,155,955,384 shares in issue with the average daily volume traded being 9,625,767. Market capitalisation for LON:CEY is £1,537,333,350 GBP.

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    Centamin plc (LON:CEY) partners with the Egyptian Mining Forum as the primary sponsor to celebrate Egypt’s mining sector growth, highlighting innovation and sustainability.

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