Kazakhmys plc’s “Hold” Rating Reaffirmed at Deutsche Bank (KAZ)
Kazakhmys plc (LON:KAZ)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a GBX 318 ($5.28) price target on the stock. Deutsche Bank’s price objective would suggest a potential upside of 3.58% from the stock’s previous close.
Shares of Kazakhmys plc (LON:KAZ) traded down 1.43% on Wednesday, hitting GBX 302.60. The stock had a trading volume of 850,299 shares. 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 314.8 and its 200-day moving average is GBX 279.8. The company’s market cap is £1.352 billion.
A number of other firms have also recently commented on KAZ. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kazakhmys plc in a research note on Friday, August 29th. They now have a GBX 350 ($5.81) 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, August 26th. They now have a GBX 300 ($4.98) price target on the stock, up previously from GBX 295 ($4.90). 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 ($4.25) price target on the stock. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 280.69 ($4.66).
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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