Kazakhmys Given Neutral Rating at Macquarie (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a report issued on Thursday, American Banking & Market News reports. They currently have a GBX 270 ($4.32) price target on the stock. Macquarie’s price objective points to a potential downside of 7.82% from the stock’s previous close.
Kazakhmys (LON:KAZ) traded down 2.42% on Thursday, hitting GBX 285.80. The stock had a trading volume of 780,489 shares. Kazakhmys has a 1-year low of GBX 227.52 and a 1-year high of GBX 839.5001. The stock has a 50-day moving average of GBX 297.3 and a 200-day moving average of GBX 336.. The company’s market cap is £1.495 billion.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities initiated coverage on shares of Kazakhmys (LON:KAZ) in a research note to investors on Thursday. They set an “add” rating and a GBX 345 ($5.53) price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Kazakhmys (LON:KAZ) from a “hold” rating to a “sell” rating in a research note to investors on Thursday. They now have a GBX 240 ($3.84) price target on the stock, down previously from GBX 250 ($4.00). Finally, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys (LON:KAZ) in a research note to investors on Thursday, September 19th. They now have a GBX 130 ($2.08) price target on the stock. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Kazakhmys presently has a consensus rating of “Hold” and a consensus price target of GBX 398.73 ($6.39).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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