Kazakhmys plc Price Target Raised to GBX 318 (KAZ)
Research analysts at Deutsche Bank upped their target price on shares of Kazakhmys plc (LON:KAZ) from GBX 310 ($5.18) to GBX 318 ($5.32) in a report released on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 9.24% from the stock’s previous close.
KAZ has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated an “add” rating on shares of Kazakhmys plc in a research note on Thursday. They now have a GBX 350 ($5.85) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Thursday. They now have a GBX 295 ($4.93) price target on the stock. Finally, 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. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Kazakhmys plc has a consensus rating of “Hold” and an average target price of GBX 280.38 ($4.69).
Shares of Kazakhmys plc (LON:KAZ) traded up 1.89% during mid-day trading on Friday, hitting GBX 296.60. 1,179,289 shares of the company’s stock traded hands. Kazakhmys plc has a one year low of GBX 170.00 and a one year high of GBX 355.515. The stock’s 50-day moving average is GBX 319.2 and its 200-day moving average is GBX 273.0. The company’s market cap is £1.323 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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