Petropavlovsk PLC Earns “Sell” Rating from Numis Securities Ltd (POG)
Petropavlovsk PLC (LON:POG)‘s stock had its “sell” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 60 ($1.00) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 69.01% from the stock’s previous close.
Petropavlovsk PLC (LON:POG) opened at 35.40 on Wednesday. Petropavlovsk PLC has a 1-year low of GBX 31.08 and a 1-year high of GBX 134.75. The stock has a 50-day moving average of GBX 36.14 and a 200-day moving average of GBX 64.25. The company’s market cap is £69.5 million.
A number of other firms have also recently commented on POG. Analysts at Canaccord Genuity downgraded shares of Petropavlovsk PLC to a “speculative buy” rating in a research note on Thursday, July 31st. They now have a GBX 85 ($1.42) price target on the stock, down previously from GBX 100 ($1.67). Separately, analysts at HSBC reiterated an “underweight” rating on shares of Petropavlovsk PLC in a research note on Friday, July 25th. They now have a GBX 30 ($0.50) price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Petropavlovsk PLC to a “neutral” rating in a research note on Thursday, July 24th. They now have a GBX 42 ($0.70) price target on the stock, down previously from GBX 67 ($1.12). Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 62.31 ($1.04).
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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