Numis Securities Ltd Reiterates Hold Rating for Kazakhmys plc (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “hold” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 290 ($4.86) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 8.11% from the company’s current price.
Shares of Kazakhmys plc (LON:KAZ) opened at 314.20 on Tuesday. Kazakhmys plc has a 52 week low of GBX 170.00 and a 52 week high of GBX 355.515. The stock has a 50-day moving average of GBX 319.3 and a 200-day moving average of GBX 266.3. The company’s market cap is £1.401 billion.
KAZ has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Thursday, August 7th. They now have a GBX 350 ($5.87) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Wednesday, August 6th. They now have a GBX 310 ($5.20) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Thursday, July 31st. They now have a GBX 265 ($4.45) price target on the stock. Six equities research 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 279.19 ($4.68).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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