Petropavlovsk Stock Rating Reaffirmed by Credit Suisse (POG)
Petropavlovsk (LON:POG)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 70 ($1.12) price target on the stock. Credit Suisse’s price objective would suggest a potential downside of 8.50% from the stock’s previous close.
POG has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Petropavlovsk in a research note to investors on Monday. They now have a GBX 64 ($1.03) price target on the stock. Separately, 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. Finally, 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). Eight analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Petropavlovsk presently has an average rating of “Hold” and a consensus target price of GBX 136.27 ($2.19).
Petropavlovsk (LON:POG) opened at 75.065 on Monday. Petropavlovsk has a 1-year low of GBX 63.00 and a 1-year 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 £140.1 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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