Citigroup Inc. Trims Mechel Target Price to $2.05 (MTL)
Research analysts at Citigroup Inc. cut their price objective on shares of Mechel (NYSE:MTL) from $2.60 to $2.05 in a report released on Monday. Citigroup Inc.’s target price indicates a potential upside of 14.53% from the stock’s previous close.
Shares of Mechel (NYSE:MTL) opened at 1.79 on Monday. Mechel has a 1-year low of $1.56 and a 1-year high of $3.94. The stock’s 50-day moving average is $1.93 and its 200-day moving average is $1.9. The company’s market cap is $745.1 million.
Separately, analysts at Credit Suisse cut their price target on shares of Mechel from $1.60 to $1.30 in a research note on Monday, July 7th.
Mechel OAO is an integrated mining, steel, ferroalloys and power company. The Company operates in four segments: mining, steel, ferroalloys and power.
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