Kazakhmys Given Reduce Rating at Nomura (KAZ)
Kazakhmys (LON:KAZ)‘s stock had its “reduce” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. They currently have a GBX 130 ($2.14) target price on the stock. Nomura’s price objective indicates a potential downside of 27.33% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Kazakhmys in a research note to investors on Monday. They now have a GBX 159 ($2.62) price target on the stock. Separately, 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. Finally, 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). Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 243.81 ($4.02).
Shares of Kazakhmys (LON:KAZ) traded up 3.53% on Tuesday, hitting GBX 178.90. 1,618,094 shares of the company’s stock traded hands. Kazakhmys has a 1-year low of GBX 170.091 and a 1-year high of GBX 775.50. The stock’s 50-day moving average is GBX 197.9 and its 200-day moving average is GBX 250.9. The company’s market cap is £935.6 million.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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