Polymetal International PLC Upgraded by Citigroup Inc. to Neutral (POLY)
Polymetal International PLC (LON:POLY) was upgraded by research analysts at Citigroup Inc. to a “neutral” rating in a report released on Friday, StockRatingsNetwork.com reports. The firm currently has a GBX 615 ($9.95) price objective on the stock, down from their previous price objective of GBX 631 ($10.20). Citigroup Inc.’s price objective would indicate a potential upside of 0.41% from the stock’s previous close.
A number of other analysts have also recently weighed in on POLY. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Polymetal International PLC in a research note to investors on Thursday, October 17th. They now have a GBX 850 ($13.75) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Polymetal International PLC in a research note to investors on Wednesday, October 16th. They now have a GBX 590 ($9.54) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Polymetal International PLC in a research note to investors on Tuesday, October 8th. They now have a GBX 730 ($11.80) price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 788.45 ($12.75).
Shares of Polymetal International PLC (LON:POLY) traded up 0.99% during mid-day trading on Friday, hitting GBX 612.50. The stock had a trading volume of 631,020 shares. Polymetal International PLC has a 52-week low of GBX 439.50 and a 52-week high of GBX 1231.00. The stock’s 50-day moving average is GBX 664.1 and its 200-day moving average is GBX 670.3.
Polymetal International plc is a holding company. The Company is engaged in gold, silver and copper mining and related activities, including exploration, extraction, processing and reclamation, operating central processing hubs and mines in Russia and Kazakhstan.
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