Polymetal International PLC Receives “Hold” Rating from Deutsche Bank (POLY)
Polymetal International PLC (LON:POLY)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Monday, AnalystRatings.Net reports. They currently have a GBX 500 ($8.24) price objective on the stock. Deutsche Bank’s price objective would indicate a potential downside of 16.87% from the company’s current price.
Shares of Polymetal International PLC (LON:POLY) traded up 0.92% during mid-day trading on Monday, hitting GBX 601.50. 1,324,117 shares of the company’s stock traded hands. Polymetal International PLC has a 1-year low of GBX 439.50 and a 1-year high of GBX 1137.00. The stock has a 50-day moving average of GBX 538.0 and a 200-day moving average of GBX 607.3.
POLY has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Polymetal International PLC in a research note to investors on Wednesday, January 22nd. Separately, analysts at HSBC cut their price target on shares of Polymetal International PLC from GBX 900 ($14.83) to GBX 720 ($11.86) in a research note to investors on Wednesday, January 22nd. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Polymetal International PLC in a research note to investors on Tuesday, January 21st. They now have a GBX 650 ($10.71) price target on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Polymetal International PLC presently has an average rating of “Hold” and an average target price of GBX 651.27 ($10.73).
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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