Kazakhmys Upgraded to Hold by Investec (KAZ)
Kazakhmys (LON:KAZ) was upgraded by stock analysts at Investec to a “hold” rating in a report issued on Thursday, AnalystRatings.NET reports. The firm currently has a GBX 262 ($4.24) price target on the stock, up from their previous price target of GBX 190 ($3.07). Investec’s price target points to a potential upside of 4.22% from the stock’s previous close.
KAZ has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated an “add” rating on shares of Kazakhmys in a research note to investors on Thursday. They now have a GBX 345 ($5.58) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Kazakhmys from GBX 300 ($4.85) to GBX 280 ($4.53) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Kazakhmys in a research note to investors on Friday, October 18th. They now have a GBX 280 ($4.53) price target on the stock. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. Kazakhmys has a consensus rating of “Hold” and an average price target of GBX 324.09 ($5.24).
Shares of Kazakhmys (LON:KAZ) traded up 4.97% during mid-day trading on Thursday, hitting GBX 263.90. The stock had a trading volume of 487,903 shares. Kazakhmys has a 52 week low of GBX 227.52 and a 52 week high of GBX 839.5001. The stock has a 50-day moving average of GBX 283.1 and a 200-day moving average of GBX 304.5. The company’s market cap is £1.380 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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