Petropavlovsk’s “Underweight” Rating Reaffirmed at JPMorgan Chase & Co. (POG)
Petropavlovsk (LON:POG)‘s stock had its “underweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, ARN reports. They currently have a GBX 70 ($1.11) price objective on the stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 0.71% from the company’s current price.
A number of other firms have also recently commented on POG. Analysts at HSBC reiterated an “underweight” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Monday. They now have a GBX 53.30 ($0.85) price target on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Petropavlovsk (LON:POG) from GBX 59 ($0.94) to GBX 58 ($0.92) in a research note to investors on Monday, September 2nd. They now have a “sell” rating on the stock. Finally, analysts at SP Angel reiterated a “buy” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Friday, August 30th.
Seven analysts have rated the stock with a sell rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 196.76 ($3.12).
Petropavlovsk (LON:POG) traded down 7.54% on Wednesday, hitting GBX 70.50. The stock had a trading volume of 7,535,315 shares. Petropavlovsk has a 52-week low of GBX 63.00 and a 52-week high of GBX 464.30. The stock’s 50-day moving average is GBX 98.08 and its 200-day moving average is GBX 139.7. The company’s market cap is £131.6 million.
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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