Polymetal International PLC Given “Hold” Rating at Deutsche Bank (POLY)
Polymetal International PLC (LON:POLY)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 690 ($11.16) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 21.80% from the stock’s previous close.
Shares of Polymetal International PLC (LON:POLY) traded down 8.92% during mid-day trading on Friday, hitting GBX 566.50. 656,316 shares of the company’s stock traded hands. 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 622.1 and its 200-day moving average is GBX 651.5.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Polymetal International PLC to a “neutral” rating in a research note to investors on Friday, October 25th. They now have a GBX 615 ($9.95) price target on the stock, down previously from GBX 631 ($10.21). Separately, 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. Finally, 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 ($9.55) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Polymetal International PLC has a consensus rating of “Hold” and an average price target of GBX 785.60 ($12.71).
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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