Kazakhmys plc Lifted to “Hold” at Canaccord Genuity (KAZ)
Kazakhmys plc (LON:KAZ) was upgraded by equities researchers at Canaccord Genuity to a “hold” rating in a research report issued on Tuesday. The firm currently has a GBX 300 ($4.96) price target on the stock, up from their previous price target of GBX 295 ($4.88). Canaccord Genuity’s target price indicates a potential upside of 1.39% from the stock’s previous close.
KAZ has been the subject of a number of other recent research reports. Analysts at Wood & Company reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Friday. They now have a GBX 256 ($4.24) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Kazakhmys plc from GBX 310 ($5.13) to GBX 318 ($5.26) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Kazakhmys plc in a research note on Thursday, August 21st. They now have a GBX 350 ($5.79) price target on the stock. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Kazakhmys plc currently has an average rating of “Hold” and a consensus price target of GBX 280.69 ($4.64).
Shares of Kazakhmys plc (LON:KAZ) opened at 295.10 on Tuesday. 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 318.1 and its 200-day moving average is GBX 275.3. The company’s market cap is £1.319 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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