Kazakhmys plc Rating Reiterated by Canaccord Genuity (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “sell” rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 265 ($4.50) target price on the stock. Canaccord Genuity’s price target suggests a potential downside of 15.98% from the stock’s previous close.
Shares of Kazakhmys plc (LON:KAZ) traded down 2.89% on Thursday, hitting GBX 315.40. The stock had a trading volume of 1,599,353 shares. Kazakhmys plc has a 52-week low of GBX 170.00 and a 52-week high of GBX 355.515. The stock’s 50-day moving average is GBX 314.5 and its 200-day moving average is GBX 260.1. The company’s market cap is £1.407 billion.
A number of other firms have also recently commented on KAZ. Analysts at Westhouse Securities reiterated an “add” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 350 ($5.94) price target on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys plc in a research note on Thursday, July 24th. They now have a GBX 275 ($4.67) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Kazakhmys plc in a research note on Thursday, July 24th. Six investment 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 presently has a consensus rating of “Hold” and an average price target of GBX 279.19 ($4.74).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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