UBS AG Reiterates Neutral Rating for Kazakhmys (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS AG in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a GBX 240 ($3.74) target price on the stock. UBS AG’s price target points to a potential downside of 22.38% from the company’s current price.
A number of other firms have also recently commented on KAZ. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kazakhmys in a research note to investors on Friday. They now have a GBX 300 ($4.67) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Kazakhmys in a research note to investors on Thursday. They now have a GBX 280 ($4.36) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Kazakhmys in a research note to investors on Thursday. They now have a GBX 270 ($4.20) price target on the stock.
Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 407.97 ($6.35).
Kazakhmys (LON:KAZ) traded up 2.55% during mid-day trading on Friday, hitting GBX 309.20. The stock had a trading volume of 2,201,873 shares. Kazakhmys has a 52-week low of GBX 227.52 and a 52-week high of GBX 839.50. The stock has a 50-day moving average of GBX 274.7 and a 200-day moving average of GBX 384.2. The company’s market cap is £1.617 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.