Kazakhmys Given “Underweight” Rating at Barclays (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “underweight” rating reiterated by equities researchers at Barclays in a research report issued on Friday, StockRatingsNetwork.com reports. They currently have a GBX 192 ($3.10) price target on the stock. Barclays’ target price suggests a potential downside of 27.00% from the company’s current price.
Shares of Kazakhmys (LON:KAZ) traded down 0.75% on Friday, hitting GBX 263.00. 1,382,308 shares of the company’s stock traded hands. 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 283.1 and its 200-day moving average is GBX 304.5. The company’s market cap is £1.375 billion.
A number of other analysts have also recently weighed in on KAZ. Analysts at Investec upgraded shares of Kazakhmys to a “hold” rating in a research note to investors on Thursday. They now have a GBX 262 ($4.24) price target on the stock, up previously from GBX 190 ($3.07). Separately, 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. Finally, 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. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 324.24 ($5.24).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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