Kazakhmys’s Underperform Rating Reaffirmed at Credit Suisse (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse in a research report issued on Wednesday, American Banking and Market News reports. They currently have a GBX 200 ($3.28) target price on the stock. Credit Suisse’s price objective would suggest a potential downside of 0.15% from the company’s current price.
Shares of Kazakhmys (LON:KAZ) opened at 199.70 on Wednesday. Kazakhmys has a one year low of GBX 187.90 and a one year high of GBX 833.00. The stock has a 50-day moving average of GBX 214.2 and a 200-day moving average of GBX 258.2. The company’s market cap is £1.044 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of Kazakhmys to a “sell” rating in a research note to investors on Friday, January 3rd. They now have a GBX 158 ($2.59) price target on the stock, down previously from GBX 262 ($4.30). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Kazakhmys from GBX 200 ($3.28) to GBX 180 ($2.95) in a research note to investors on Friday, December 13th. They now have an “underweight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Kazakhmys from GBX 280 ($4.59) to GBX 225 ($3.69) in a research note to investors on Tuesday, December 10th. They now have a “hold” rating on the stock. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Kazakhmys has a consensus rating of “Hold” and an average price target of GBX 286.56 ($4.70).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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