Deutsche Bank Upgrades Kazakhmys plc to “Buy” (KAZ)
Kazakhmys plc (LON:KAZ) was upgraded by equities research analysts at Deutsche Bank to a “buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 370 ($6.12) target price on the stock, up from their previous target price of GBX 350 ($5.79). Deutsche Bank’s target price points to a potential upside of 27.63% from the company’s current price.
Kazakhmys plc (LON:KAZ) opened at 292.00 on Friday. 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 316.2 and its 200-day moving average is GBX 277.1. The company’s market cap is £1.305 billion.
A number of other analysts have also recently weighed in on KAZ. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Friday. They now have a GBX 350 ($5.79) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Kazakhmys plc to a “hold” rating in a research note on Tuesday. They now have a GBX 300 ($4.96) price target on the stock, up previously from GBX 295 ($4.88). Finally, analysts at Wood & Company reiterated a “sell” rating on shares of Kazakhmys plc in a research note on Friday, August 22nd. They now have a GBX 256 ($4.24) price target on the stock. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 283.94 ($4.70).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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