Polymetal International PLC Receives “Sell” Rating from Citigroup Inc. (POLY)
Polymetal International PLC (LON:POLY)‘s stock had its “sell” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a GBX 450 ($7.72) target price on the stock. Citigroup Inc.’s price target would suggest a potential downside of 22.28% from the stock’s previous close.
POLY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Polymetal International PLC in a research note on Friday, May 30th. They now have a GBX 500 ($8.58) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Polymetal International PLC in a research note on Friday, May 23rd. They now have a GBX 800 ($13.72) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Polymetal International PLC in a research note on Friday, May 23rd. They now have a GBX 520 ($8.92) price target on the stock. Eight analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Polymetal International PLC has an average rating of “Hold” and a consensus price target of GBX 624.94 ($10.72).
Shares of Polymetal International PLC (LON:POLY) traded down 1.19% during mid-day trading on Monday, hitting GBX 579.00. 213,561 shares of the company’s stock traded hands. Polymetal International PLC has a 52 week low of GBX 470.00 and a 52 week high of GBX 812.00. The stock’s 50-day moving average is GBX 547.6 and its 200-day moving average is GBX 579.1. The company’s market cap is £2.255 billion.
Polymetal International plc is a holding company. The Company is engaged in gold, silver and copper mining and related activities, including exploration, extraction, processing and reclamation, operating central processing hubs and mines in Russia and Kazakhstan.
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