Credit Suisse Reiterates “Neutral” Rating for Kazakhmys plc (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “neutral” rating restated by equities research analysts at Credit Suisse in a research note issued to investors on Thursday. They currently have a GBX 330 ($5.64) price objective on the stock. Credit Suisse’s price objective would suggest a potential downside of 6.78% from the stock’s previous close.
A number of other firms have also recently commented on KAZ. Analysts at Jefferies Group raised their price target on shares of Kazakhmys plc from GBX 300 ($5.13) to GBX 350 ($5.98) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Kazakhmys plc to a “hold” rating in a research note on Thursday. They now have a GBX 310 ($5.30) price target on the stock, up previously from GBX 201 ($3.43). Finally, analysts at Canaccord Genuity downgraded shares of Kazakhmys plc to a “sell” rating in a research note on Thursday, July 17th. They now have a GBX 265 ($4.53) price target on the stock, up previously from GBX 260 ($4.44). Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Kazakhmys plc currently has an average rating of “Hold” and a consensus target price of GBX 279.19 ($4.77).
Shares of Kazakhmys plc (LON:KAZ) traded up 2.67% on Thursday, hitting GBX 354.00. The stock had a trading volume of 2,473,308 shares. Kazakhmys plc has a 52 week low of GBX 170.00 and a 52 week high of GBX 354.00. The stock’s 50-day moving average is GBX 305.5 and its 200-day moving average is GBX 254.9. The company’s market cap is £1.579 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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