Kazakhmys Stock Rating Reaffirmed by Morgan Stanley (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “underweight” rating reiterated by investment analysts at Morgan Stanley in a note issued to investors on Thursday, Stock Ratings Network reports. They currently have a GBX 270 ($4.22) price objective on the stock. Morgan Stanley’s price objective points to a potential downside of 10.92% from the stock’s previous close.
Kazakhmys (LON:KAZ) traded down 1.97% on Thursday, hitting GBX 303.10. 1,591,262 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 292.7 and its 200-day moving average is GBX 348.7. The company’s market cap is £1.585 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Kazakhmys (LON:KAZ) in a research note to investors on Tuesday. They now have a GBX 250 ($3.91) price target on the stock. Separately, 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. Finally, 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 research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 407.97 ($6.38).
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.