Kazakhmys plc Receives “Underperform” Rating from BMO Capital Markets (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “underperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued to investors on Wednesday, American Banking and Market News reports. They currently have a GBX 225 ($3.78) price target on the stock. BMO Capital Markets’ target price points to a potential downside of 7.35% from the company’s current price.
Shares of Kazakhmys plc (LON:KAZ) opened at 241.80 on Wednesday. Kazakhmys plc has a 1-year low of GBX 170.00 and a 1-year high of GBX 392.70. The stock has a 50-day moving average of GBX 260.3 and a 200-day moving average of GBX 232.8. The company’s market cap is £1.078 billion.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities reiterated an “add” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 355 ($5.96) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Thursday, April 17th. They now have a GBX 193 ($3.24) price target on the stock, down previously from GBX 355 ($5.96). Finally, analysts at Canaccord Genuity cut their price target on shares of Kazakhmys plc from GBX 340 ($5.71) to GBX 260 ($4.37) in a research note on Monday, April 14th. They now have a “hold” rating on the stock. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 261 ($4.38).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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