Petropavlovsk Stock Rating Lowered by Merrill Lynch (POG)
Petropavlovsk (LON:POG) was downgraded by investment analysts at Merrill Lynch from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 95 ($1.52) price target on the stock, down from their previous price target of GBX 280 ($4.49). Merrill Lynch’s price objective would indicate a potential upside of 23.38% from the company’s current price.
A number of other analysts have also recently weighed in on POG. Analysts at Bank of America Corp. downgraded shares of Petropavlovsk (LON:POG) from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a GBX 95 ($1.52) price target on the stock, down previously from GBX 280 ($4.49). Separately, analysts at Liberum Capital downgraded shares of Petropavlovsk (LON:POG) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 110 ($1.76) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Petropavlovsk (LON:POG) from GBX 58 ($0.93) to GBX 64 ($1.03) in a research note to investors on Monday. They now have a “sell” rating on the stock. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 140.69 ($2.25).
Shares of Petropavlovsk (LON:POG) traded down 2.22% during mid-day trading on Friday, hitting GBX 77.00. 1,753,356 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 441.326. 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 £143.7 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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