Petropavlovsk Price Target Raised to GBX 64 at Citigroup Inc. (POG)
Research analysts at Citigroup Inc. increased their target price on shares of Petropavlovsk (LON:POG) from GBX 58 ($0.93) to GBX 64 ($1.03) in a report released on Monday, Analyst Ratings Network reports. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s target price suggests a potential downside of 15.23% from the company’s current price.
A number of other analysts have also recently weighed in on POG. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Wednesday, September 18th. They now have a GBX 190 ($3.04) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Wednesday, September 18th. They now have a GBX 130 ($2.08) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Wednesday, September 18th. They now have a GBX 70 ($1.12) price target on the stock.
Seven research analysts have rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 197.19 ($3.16).
Petropavlovsk (LON:POG) traded down 1.95% during mid-day trading on Monday, hitting GBX 75.50. 3,225,909 shares of the company’s stock traded hands. 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 96.64 and its 200-day moving average is GBX 137.3. The company’s market cap is £140.9 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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