Kazakhmys plc Rating Reiterated by Canaccord Genuity (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “sell” rating reissued by research analysts at Canaccord Genuity in a report released on Thursday. They currently have a GBX 295 ($4.93) price objective on the stock. Canaccord Genuity’s price target suggests a potential downside of 4.38% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Wednesday. They now have a GBX 290 ($4.85) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Kazakhmys plc in a research note on Monday. They now have a GBX 330 ($5.52) price target on the stock. Finally, analysts at Nomura reiterated a “reduce” rating on shares of Kazakhmys plc in a research note on Monday. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 281.47 ($4.71).
Kazakhmys plc (LON:KAZ) opened at 292.90 on Thursday. 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 319.7 and a 200-day moving average of GBX 272.8. The company’s market cap is £1.306 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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