Kazakhmys Receives “Sell” Rating from Deutsche Bank (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “sell” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 240 ($3.85) price target on the stock. Deutsche Bank’s target price indicates a potential downside of 2.44% from the company’s current price.
Kazakhmys (LON:KAZ) traded down 3.61% on Tuesday, hitting GBX 246.00. The stock had a trading volume of 1,347,025 shares. Kazakhmys has a one year low of GBX 227.52 and a one year high of GBX 839.5001. The stock’s 50-day moving average is GBX 297.3 and its 200-day moving average is GBX 336.. The company’s market cap is £1.287 billion.
A number of other analysts have also recently weighed in on KAZ. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Kazakhmys in a research note to investors on Friday, September 27th. They now have a GBX 330 ($5.29) price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Kazakhmys in a research note to investors on Thursday, September 26th. They now have a GBX 270 ($4.33) price target on the stock. Finally, analysts at Westhouse Securities initiated coverage on shares of Kazakhmys in a research note to investors on Thursday, September 26th. They set an “add” rating and a GBX 345 ($5.54) price target on the stock. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 360.60 ($5.79).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.