Kazakhmys plc Rating Reiterated by Credit Suisse (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “neutral” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday. They currently have a GBX 330 ($5.60) price target on the stock. Credit Suisse’s price target indicates a potential upside of 11.83% from the company’s current price.
Kazakhmys plc (LON:KAZ) traded up 1.02% on Wednesday, hitting GBX 298.10. 2,231,666 shares of the company’s stock traded hands. Kazakhmys plc has a 52-week low of GBX 170.00 and a 52-week high of GBX 324.80. The stock’s 50-day moving average is GBX 262.7 and its 200-day moving average is GBX 235.1. The company’s market cap is £1.330 billion.
KAZ has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Kazakhmys plc in a research note on Monday. They now have a GBX 200 ($3.40) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Kazakhmys plc from GBX 260 ($4.41) to GBX 290 ($4.92) in a research note on Friday, June 13th. They now have a “hold” rating on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys plc in a research note on Friday, June 6th. They now have a GBX 225 ($3.82) price target on the stock. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 260.59 ($4.42).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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