Kazakhmys plc Rating Reiterated by Numis Securities Ltd (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Thursday. They currently have a GBX 290 ($4.94) price target on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 7.44% from the company’s current price.
KAZ has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 201 ($3.42) price target on the stock. Separately, 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. 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 issued a buy rating to the company. Kazakhmys plc presently has a consensus rating of “Hold” and an average price target of GBX 262.82 ($4.48).
Shares of Kazakhmys plc (LON:KAZ) opened at 311.20 on Thursday. 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 280.8 and a 200-day moving average of GBX 242.2. The company’s market cap is £1.388 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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