Petropavlovsk Rating Lowered to Sell at Liberum Capital (POG)
Petropavlovsk (LON:POG) was downgraded by stock analysts at Liberum Capital to a “sell” rating in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 50 ($0.82) target price on the stock. Liberum Capital’s price objective would indicate a potential downside of 31.27% from the stock’s previous close.
A number of other firms have also recently commented on POG. Analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Petropavlovsk in a research note to investors on Monday. They now have a GBX 60 ($0.99) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Wednesday, January 8th. They now have a GBX 120 ($1.98) price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Petropavlovsk from GBX 55 ($0.91) to GBX 70 ($1.15) in a research note to investors on Thursday, December 19th. They now have an “underperform” rating on the stock. Ten equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 84.86 ($1.40).
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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