Polymetal International PLC Upgraded to Buy by Liberum Capital (POLY)
Polymetal International PLC (LON:POLY) was upgraded by investment analysts at Liberum Capital to a “buy” rating in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a GBX 600 ($9.89) target price on the stock. Liberum Capital’s target price indicates a potential upside of 16.73% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Polymetal International PLC in a research note to investors on Wednesday. They now have a GBX 500 ($8.24) price target on the stock. Separately, analysts at Barclays cut their price target on shares of Polymetal International PLC from GBX 540 ($8.90) to GBX 500 ($8.24) in a research note to investors on Friday, January 10th. They now have an “overweight” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Polymetal International PLC from GBX 850 ($14.01) to GBX 580 ($9.56) in a research note to investors on Friday, December 20th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 693.09 ($11.42).
Shares of Polymetal International PLC (LON:POLY) traded down 3.02% on Wednesday, hitting GBX 514.00. The stock had a trading volume of 1,480,268 shares. Polymetal International PLC has a one year low of GBX 439.50 and a one year high of GBX 1137.00. The stock’s 50-day moving average is GBX 528.7 and its 200-day moving average is GBX 605.1.
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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