Kazakhmys plc Given Consensus Rating of “Hold” by Brokerages (LON:KAZ)
Shares of Kazakhmys plc (LON:KAZ) have been given an average recommendation of “Hold” by the nineteen brokerages that are currently covering the stock, Stock Ratings Network.com reports. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 262.35 ($4.46).
Several analysts have recently commented on the stock. Analysts at Westhouse Securities downgraded shares of Kazakhmys plc to an “add” rating in a research note on Wednesday. They now have a GBX 350 ($5.96) price target on the stock. Separately, 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. Finally, 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.
Kazakhmys plc (LON:KAZ) traded up 0.07% during mid-day trading on Thursday, hitting GBX 304.70. 619,350 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 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 £1.359 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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