Jefferies Group Reiterates Hold Rating for Kazakhmys plc (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a GBX 350 ($5.79) price objective on the stock. Jefferies Group’s price objective indicates a potential upside of 20.73% from the company’s current price.
A number of other analysts have also recently weighed in on KAZ. 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). Separately, 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. Finally, 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, August 22nd. They now have a “hold” rating on the stock. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Kazakhmys plc has an average rating of “Hold” and a consensus target price of GBX 283.94 ($4.70).
Kazakhmys plc (LON:KAZ) traded up 1.62% on Friday, hitting GBX 294.60. 1,098,666 shares of the company’s stock traded hands. 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 316.2 and its 200-day moving average is GBX 277.1. The company’s market cap is £1.316 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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