Kazakhmys Rating Reiterated by Investec (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “sell” rating reaffirmed by Investec in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 158 ($2.60) target price on the stock. Investec’s price target indicates a potential downside of 19.59% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Kazakhmys from GBX 175 ($2.88) to GBX 159 ($2.62) in a research note to investors on Wednesday. They now have a “sell” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Kazakhmys in a research note to investors on Tuesday. They now have a GBX 155 ($2.55) price target on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Kazakhmys to a “sell” rating in a research note to investors on Monday. They now have a GBX 130 ($2.14) price target on the stock, down previously from GBX 260 ($4.28). Eleven investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Kazakhmys currently has a consensus rating of “Hold” and a consensus target price of GBX 275.56 ($4.54).
Shares of Kazakhmys (LON:KAZ) traded up 0.41% on Thursday, hitting GBX 196.50. 1,911,338 shares of the company’s stock traded hands. Kazakhmys has a 1-year low of GBX 187.90 and a 1-year high of GBX 800.00. The stock’s 50-day moving average is GBX 206.7 and its 200-day moving average is GBX 255.4. The company’s market cap is £1.028 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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