Kazakhmys plc Stock Rating Reaffirmed by Wood & Company (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “sell” rating reissued by equities researchers at Wood & Company in a research report issued on Friday. They currently have a GBX 256 ($4.28) price objective on the stock. Wood & Company’s target price suggests a potential downside of 12.06% from the stock’s previous close.
Kazakhmys plc (LON:KAZ) opened at 299.30 on Friday. Kazakhmys plc has a 52-week low of GBX 170.00 and a 52-week 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 £1.335 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Kazakhmys plc from GBX 310 ($5.18) to GBX 318 ($5.32) in a research note on Friday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 280.38 ($4.69).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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