Petropavlovsk PLC’s “Speculative Buy” Rating Reiterated at Canaccord Genuity (POG)
Petropavlovsk PLC (LON:POG)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity in a report released on Thursday. They currently have a GBX 85 ($1.41) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 131.29% from the stock’s previous close.
Petropavlovsk PLC (LON:POG) traded down 3.40% during mid-day trading on Thursday, hitting GBX 35.50. 746,577 shares of the company’s stock traded hands. Petropavlovsk PLC has a 52-week low of GBX 31.08 and a 52-week high of GBX 134.75. The stock has a 50-day moving average of GBX 35.31 and a 200-day moving average of GBX 62.71. The company’s market cap is £69.7 million.
A number of other firms have also recently commented on POG. Analysts at RBC Capital reiterated an “underperform” rating on shares of Petropavlovsk PLC in a research note on Thursday. They now have a GBX 35 ($0.58) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of Petropavlovsk PLC in a research note on Wednesday, August 20th. They now have a GBX 60 ($0.99) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of Petropavlovsk PLC in a research note on Tuesday, August 12th. They now have a GBX 60 ($0.99) price target on the stock. Eight equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 61.25 ($1.01).
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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