JPMorgan Chase & Co. Lowers Kazakhmys Price Target to GBX 160 (KAZ)
Research analysts at JPMorgan Chase & Co. decreased their price objective on shares of Kazakhmys (LON:KAZ) from GBX 180 ($2.97) to GBX 160 ($2.64) in a report released on Friday, Stock Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 10.16% from the stock’s previous close.
A number of other analysts have also recently weighed in on KAZ. Analysts at Investec reiterated a “sell” rating on shares of Kazakhmys in a research note to investors on Thursday. They now have a GBX 158 ($2.60) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Kazakhmys in a research note to investors on Thursday. They now have a GBX 185 ($3.05) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys in a research note to investors on Tuesday. They now have a GBX 130 ($2.14) price target on the stock. Ten investment 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 company has a consensus rating of “Hold” and an average target price of GBX 242.86 ($4.00).
Kazakhmys (LON:KAZ) opened at 178.10 on Friday. Kazakhmys has a 52-week low of GBX 171.00 and a 52-week high of GBX 775.50. The stock has a 50-day moving average of GBX 195.3 and a 200-day moving average of GBX 249.. The company’s market cap is £931.4 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.