Polymetal International PLC (POLY) Price Target Raised to GBX 876 at Deutsche Bank AG
Polymetal International PLC (LON:POLY) had its target price lifted by equities research analysts at Deutsche Bank AG from GBX 850 ($11.10) to GBX 876 ($11.43) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 2.40% from the stock’s current price.
Several other research analysts have also recently commented on the stock. Berenberg Bank assumed coverage on shares of Polymetal International PLC in a report on Wednesday, September 7th. They set a “buy” rating for the company. Numis Securities Ltd reaffirmed a “buy” rating on shares of Polymetal International PLC in a research report on Thursday, August 25th. Jefferies Group reaffirmed an “underperform” rating and set a GBX 825 ($10.77) price target on shares of Polymetal International PLC in a research report on Thursday, August 25th. Credit Suisse Group AG upped their price target on shares of Polymetal International PLC from GBX 610 ($7.96) to GBX 840 ($10.96) and gave the stock a “neutral” rating in a research report on Friday, July 1st. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Polymetal International PLC in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 689 ($8.99).
Shares of Polymetal International PLC (LON:POLY) traded up 0.35% during mid-day trading on Wednesday, hitting GBX 855.50. 1,626,227 shares of the stock traded hands. Polymetal International PLC has a one year low of GBX 497.20 and a one year high of GBX 1,209.00. The firm’s market capitalization is GBX 3.65 billion. The company’s 50 day moving average is GBX 1,031.69 and its 200 day moving average is GBX 920.77.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/polymetal-international-plc-poly-price-target-raised-to-gbx-876-at-deutsche-bank-ag.html
Polymetal International PLC Company Profile
Polymetal International plc is a precious metals mining company. The Company has a portfolio of over seven operating gold and silver mines and a pipeline of projects in Russia, Kazakhstan and Armenia in Russia and Kazakhstan. It operates through eight segments: Voro (CJSC Gold of Northern Urals), Okhotsk operations (LLC Okhotskaya Mining and Exploration Company, Svetloye LLC), Dukat (CJSC Magadan Silver), Omolon (Omolon Gold Mining Company LLC), Varvara (JSC Varvarinskoye), Amursk-Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC), Mayskoye (Mayskoye Gold Mining Company LLC) and Kyzyl (Bakyrchik Mining Venture LLP, JSC Inter Gold Capital).
Receive News & Ratings for Polymetal International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polymetal International PLC and related companies with MarketBeat.com's FREE daily email newsletter.