Deutsche Bank Reiterates Sell Rating for Kazakhmys (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “sell” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 159 ($2.62) price target on the stock. Deutsche Bank’s price target points to a potential downside of 7.99% from the company’s current price.
A number of other firms have also recently commented on KAZ. Analysts at Liberum Capital reiterated a “hold” rating on shares of Kazakhmys in a research note to investors on Friday. They now have a GBX 140 ($2.31) price target on the stock. Separately, analysts at Westhouse Securities downgraded shares of Kazakhmys to a “neutral” rating in a research note to investors on Monday, January 20th. They now have a GBX 185 ($3.05) price target on the stock, down previously from GBX 345 ($5.68). Finally, 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 ($2.60) price target on the stock. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 243.81 ($4.02).
Kazakhmys (LON:KAZ) traded up 0.47% during mid-day trading on Monday, hitting GBX 172.80. The stock had a trading volume of 2,687,011 shares. Kazakhmys has a 52 week low of GBX 176.40 and a 52 week high of GBX 775.50. The stock has a 50-day moving average of GBX 200.1 and a 200-day moving average of GBX 252.. The company’s market cap is £903.7 million.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.