Deutsche Bank Reiterates “Sell” Rating for Kazakhmys plc (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 159 ($2.61) price objective on the stock. Deutsche Bank’s price target suggests a potential downside of 22.93% from the company’s current price.
KAZ has been the subject of a number of other recent research reports. Analysts at BNP Paribas raised their price target on shares of Kazakhmys plc from GBX 1,400 ($22.97) to GBX 1,800 ($29.53) in a research note on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 250 ($4.10) price target on the stock, up previously from GBX 220 ($3.61). Finally, analysts at Credit Suisse upgraded shares of Kazakhmys plc to a “neutral” rating in a research note on Wednesday. They now have a GBX 200 ($3.28) price target on the stock. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. Kazakhmys plc presently has an average rating of “Hold” and an average price target of GBX 300.66 ($4.93).
Kazakhmys plc (LON:KAZ) traded up 0.59% during mid-day trading on Thursday, hitting GBX 206.30. 1,957,260 shares of the company’s stock traded hands. Kazakhmys plc has a one year low of GBX 170.00 and a one year high of GBX 769.00. The stock has a 50-day moving average of GBX 192.7 and a 200-day moving average of GBX 244.6. The company’s market cap is £1.079 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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