Kazakhmys Receives Hold Rating from Deutsche Bank (KAZ)

Kazakhmys (LON: KAZ)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. They currently have a $9.82 (650 GBX) target price on the stock.

Kazakhmys (LON: KAZ) traded up 2.48% on Wednesday, hitting GBX 485.636. Kazakhmys has a 1-year low of GBX 495.10 and a 1-year high of GBX 970.00. The stock’s 50-day moving average is currently GBX 686.5. The company’s market cap is £2.596 billion.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Kazakhmys from $12.24 to $8.61 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Kazakhmys from $10.45 to $7.09 in a research note to investors on Monday, March 11th. They now have a “reduce” rating on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Kazakhmys from $12.03 to $9.02 in a research note to investors on Tuesday, March 5th. They now have a “neutral” rating on the stock.

Seven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.01 (663 GBX).

Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.

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