Kazakhmys Receives “Underweight” Rating from Barclays Capital (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays Capital in a research note issued to investors on Monday, Analyst Ratings Network reports. They currently have a GBX 192 ($3.07) target price on the stock. Barclays Capital’s target price suggests a potential downside of 25.38% from the company’s current price.
Shares of Kazakhmys (LON:KAZ) opened at 258.11 on Monday. Kazakhmys has a 1-year low of GBX 227.52 and a 1-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 £1.350 billion.
A number of other analysts have also recently weighed in on KAZ. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Kazakhmys in a research note to investors on Tuesday, October 8th. They now have a GBX 240 ($3.83) price target on the stock. Separately, 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 ($5.27) price target on the stock. Finally, 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 ($4.31) price target on the stock. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Kazakhmys currently has a consensus rating of “Hold” and a consensus target price of GBX 329.99 ($5.27).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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