Polymetal International PLC PT Lowered to GBX 720 (POLY)
Stock analysts at HSBC lowered their price objective on shares of Polymetal International PLC (LON:POLY) from GBX 900 ($14.77) to GBX 720 ($11.82) in a report issued on Wednesday, AR Network reports. The firm currently has an “overweight” rating on the stock. HSBC’s price target suggests a potential upside of 26.43% from the stock’s previous close.
Shares of Polymetal International PLC (LON:POLY) opened at 566.50 on Wednesday. Polymetal International PLC has a 52-week low of GBX 439.50 and a 52-week high of GBX 1137.00. The stock has a 50-day moving average of GBX 531.7 and a 200-day moving average of GBX 606.9.
A number of other analysts have also recently weighed in on POLY. Analysts at RBC Capital reiterated an “outperform” rating on shares of Polymetal International PLC in a research note to investors on Tuesday. They now have a GBX 650 ($10.67) price target on the stock. Separately, analysts at UBS AG upgraded shares of Polymetal International PLC to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a GBX 610 ($10.01) price target on the stock, up previously from GBX 590 ($9.68). Finally, analysts at Canaccord Genuity downgraded shares of Polymetal International PLC to a “hold” rating in a research note to investors on Wednesday, January 15th. They now have a GBX 510 ($8.37) price target on the stock, down previously from GBX 580 ($9.52). Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 651.27 ($10.69).
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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