Kazakhmys Stock Rating Reaffirmed by Liberum Capital (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “hold” rating reiterated by equities researchers at Liberum Capital in a research report issued on Friday, Stock Ratings News reports. They currently have a GBX 140 ($2.30) price target on the stock. Liberum Capital’s price target points to a potential downside of 18.60% from the company’s current price.
Shares of Kazakhmys (LON:KAZ) traded down 4.66% on Friday, hitting GBX 172.00. The stock had a trading volume of 2,680,957 shares. Kazakhmys has a one year low of GBX 171.00 and a one year high of GBX 775.50. The stock’s 50-day moving average is GBX 200.1 and its 200-day moving average is GBX 252.. The company’s market cap is £899.5 million.
A number of other analysts have also recently weighed in on KAZ. Analysts at Westhouse Securities downgraded shares of Kazakhmys to a “neutral” rating in a research note to investors on Monday. They now have a GBX 185 ($3.04) price target on the stock, down previously from GBX 345 ($5.66). Separately, analysts at Investec reiterated a “sell” rating on shares of Kazakhmys in a research note to investors on Thursday, January 16th. They now have a GBX 158 ($2.59) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Kazakhmys from GBX 175 ($2.87) to GBX 159 ($2.61) in a research note to investors on Wednesday, January 15th. They now have a “sell” rating on the stock. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 243.81 ($4.00).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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