Kazakhmys PT Raised to GBX 243 (KAZ)
Investment analysts at Deutsche Bank increased their price objective on shares of Kazakhmys (LON:KAZ) from GBX 240 ($3.88) to GBX 243 ($3.93) in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 7.60% from the company’s current price.
A number of other firms have also recently commented on KAZ. Analysts at Barclays reiterated an “underweight” rating on shares of Kazakhmys in a research note to investors on Friday. They now have a GBX 192 ($3.10) price target on the stock. Separately, 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). Finally, 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. Eight analysts have rated the stock with a sell rating, twelve have assigned 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 324.24 ($5.24).
Shares of Kazakhmys (LON:KAZ) traded down 0.75% during mid-day trading on Friday, hitting GBX 263.00. The stock had a trading volume of 1,382,308 shares. Kazakhmys has a 52 week low of GBX 227.52 and a 52 week 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.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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