Kazakhmys plc’s “Sell” Rating Reaffirmed at Deutsche Bank (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “sell” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 201 ($3.42) price objective on the stock. Deutsche Bank’s price objective points to a potential downside of 35.22% from the stock’s previous close.
Kazakhmys plc (LON:KAZ) opened at 313.10 on Wednesday. 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 279.9 and its 200-day moving average is GBX 241.. The company’s market cap is £1.397 billion.
A number of other firms have also recently commented on KAZ. Analysts at Westhouse Securities downgraded shares of Kazakhmys plc to an “add” rating in a research note on Wednesday, June 25th. 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, June 24th. 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 ($4.60) to GBX 300 ($5.11) in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 262.82 ($4.48).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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