Polymetal International PLC (POLY) Given New GBX 725 Price Target at Jefferies Group
Polymetal International PLC (LON:POLY) had its price target decreased by research analysts at Jefferies Group from GBX 825 ($10.21) to GBX 725 ($8.97) in a research report issued on Friday. The brokerage presently has an “underperform” rating on the mining company’s stock. Jefferies Group’s target price suggests a potential downside of 15.99% from the stock’s current price.
A number of other research firms have also commented on POLY. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 870 ($10.77) price objective on shares of Polymetal International PLC in a research note on Thursday, June 16th. Numis Securities Ltd raised Polymetal International PLC to a “buy” rating in a research note on Tuesday, July 19th. Berenberg Bank started coverage on Polymetal International PLC in a research note on Wednesday, September 7th. They issued a “buy” rating on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 610 ($7.55) price objective on shares of Polymetal International PLC in a research note on Monday, June 20th. Finally, Credit Suisse Group AG lifted their target price on Polymetal International PLC from GBX 610 ($7.55) to GBX 840 ($10.40) and gave the stock a “neutral” rating in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Polymetal International PLC currently has an average rating of “Hold” and a consensus price target of GBX 677.89 ($8.39).
Shares of Polymetal International PLC (LON:POLY) opened at 849.00 on Friday. The firm’s market cap is GBX 3.62 billion. Polymetal International PLC has a 12-month low of GBX 497.20 and a 12-month high of GBX 1,209.00. The stock has a 50 day moving average price of GBX 997.49 and a 200 day moving average price of GBX 924.70.
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/2016/10/14/polymetal-international-plc-poly-given-new-gbx-725-price-target-at-jefferies-group.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.