Kazakhmys plc’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (KAZ)
Shares of Kazakhmys plc (LON:KAZ) traded up 1.39% on Wednesday, hitting GBX 299.20. The stock had a trading volume of 1,409,499 shares. Kazakhmys plc has a 52-week low of GBX 170.00 and a 52-week high of GBX 324.80. The stock has a 50-day moving average of GBX 262.7 and a 200-day moving average of GBX 235.1. The company’s market cap is £1.335 billion.
A number of other analysts have also recently weighed in on KAZ. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 330 ($5.60) price target on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently 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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