Kazakhmys plc Rating Reiterated by Citigroup Inc. (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday. They currently have a GBX 365 ($6.26) price objective on the stock. Citigroup Inc.’s target price suggests a potential upside of 14.17% from the company’s current price.
KAZ has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Thursday. They now have a GBX 290 ($4.97) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Wednesday, July 2nd. They now have a GBX 201 ($3.45) price target on the stock. Finally, 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 ($6.00) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 263.71 ($4.52).
Shares of Kazakhmys plc (LON:KAZ) traded up 0.75% during mid-day trading on Monday, hitting GBX 322.10. 976,537 shares of the company’s stock traded hands. Kazakhmys plc has a one year low of GBX 170.00 and a one year high of GBX 330.10. The stock has a 50-day moving average of GBX 287.4 and a 200-day moving average of GBX 244.8. The company’s market cap is £1.437 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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