Westhouse Securities Downgrades Kazakhmys plc to Add (KAZ)
Kazakhmys plc (LON:KAZ) was downgraded by Westhouse Securities to an “add” rating in a research note issued on Wednesday. They currently have a GBX 350 ($5.96) target price on the stock. Westhouse Securities’ price target indicates a potential upside of 14.94% from the stock’s previous close.
A number of other firms have also recently commented on KAZ. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Tuesday. They now have a GBX 290 ($4.94) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Kazakhmys plc from GBX 270 ($4.59) to GBX 300 ($5.11) in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Kazakhmys plc in a research note on Wednesday, June 18th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Kazakhmys plc has a consensus rating of “Hold” and an average target price of GBX 262.35 ($4.46).
Shares of Kazakhmys plc (LON:KAZ) traded down 2.62% on Wednesday, hitting GBX 304.50. The stock had a trading volume of 1,272,785 shares. Kazakhmys plc has a 1-year low of GBX 170.00 and a 1-year high of GBX 324.80. The stock has a 50-day moving average of GBX 273.1 and a 200-day moving average of GBX 238.6. The company’s market cap is £1.358 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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