Citigroup Inc. Reiterates Sell Rating for Petropavlovsk (POG)
Petropavlovsk (LON:POG)‘s stock had its “sell” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 64 ($1.03) price target on the stock. Citigroup Inc.’s price objective suggests a potential downside of 16.34% from the company’s current price.
POG has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Wednesday, October 2nd. They now have a GBX 130 ($2.09) price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of Petropavlovsk from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a GBX 95 ($1.52) price target on the stock, down previously from GBX 280 ($4.49). Finally, analysts at Bank of America Corp. downgraded shares of Petropavlovsk from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a GBX 95 ($1.52) price target on the stock, down previously from GBX 280 ($4.49). Eight investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 136.27 ($2.19).
Shares of Petropavlovsk (LON:POG) traded up 0.61% during mid-day trading on Monday, hitting GBX 76.97. 309,320 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 £143.6 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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