Kazakhmys plc Receives “Neutral” Rating from Credit Suisse (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 Monday. They currently have a GBX 330 ($5.52) price objective on the stock. Credit Suisse’s price objective indicates a potential upside of 8.73% from the company’s current price.
Kazakhmys plc (LON:KAZ) traded down 0.16% during mid-day trading on Monday, hitting GBX 303.00. 1,142,731 shares of the company’s stock traded hands. Kazakhmys plc has a 1-year low of GBX 170.00 and a 1-year high of GBX 355.515. The stock has a 50-day moving average of GBX 319.9 and a 200-day moving average of GBX 271.0. The company’s market cap is £1.351 billion.
A number of other firms have also recently commented on KAZ. Analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys plc in a research note on Monday. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Tuesday, August 12th. They now have a GBX 290 ($4.85) price target on the stock. Finally, 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 ($5.85) price target on the stock. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 279.47 ($4.67).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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