Kazakhmys Stock Rating Reaffirmed by BNP Paribas (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “neutral” rating reiterated by stock analysts at BNP Paribas in a report issued on Tuesday, ARN reports. They currently have a GBX 250 ($3.91) price objective on the stock. BNP Paribas’ target price suggests a potential downside of 20.38% from the company’s current price.
A number of other analysts have also recently weighed in on KAZ. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kazakhmys (LON:KAZ) in a research note to investors on Monday. They now have a GBX 300 ($4.69) price target on the stock. Separately, analysts at UBS AG reiterated a “neutral” rating on shares of Kazakhmys (LON:KAZ) in a research note to investors on Friday, August 23rd. They now have a GBX 240 ($3.75) price target on the stock.
Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 407.97 ($6.38).
Shares of Kazakhmys (LON:KAZ) opened at 313.00 on Tuesday. 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 289.9 and a 200-day moving average of GBX 354.2. The company’s market cap is £1.637 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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