Petropavlovsk Stock Rating Reaffirmed by JPMorgan Chase & Co. (POG)
Petropavlovsk (LON:POG)‘s stock had its “underweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, AnalystRatings.NET reports. They currently have a GBX 70 ($1.15) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 8.79% from the company’s current price.
A number of other analysts have also recently weighed in on POG. Analysts at RBC Capital reiterated an “underperform” rating on shares of Petropavlovsk in a research note to investors on Thursday. They now have a GBX 70 ($1.15) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Petropavlovsk in a research note to investors on Thursday. They now have a GBX 70 ($1.15) price target on the stock. Finally, analysts at HSBC cut their price target on shares of Petropavlovsk from GBX 62 ($1.02) to GBX 50 ($0.82) in a research note to investors on Wednesday. They now have an “underweight” rating on the stock. Ten investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Petropavlovsk presently has a consensus rating of “Hold” and a consensus target price of GBX 83.07 ($1.36).
Petropavlovsk (LON:POG) traded up 1.66% during mid-day trading on Friday, hitting GBX 76.75. The stock had a trading volume of 5,058,165 shares. Petropavlovsk has a 52 week low of GBX 54.00 and a 52 week high of GBX 373.57. The stock has a 50-day moving average of GBX 69.43 and a 200-day moving average of GBX 79.51. The company’s market cap is £143.2 million.
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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