J P Morgan Chase & Co Increases Polymetal International PLC (POLY) Price Target to GBX 920
Polymetal International PLC (LON:POLY) had its price target increased by investment analysts at J P Morgan Chase & Co from GBX 910 ($12.09) to GBX 920 ($12.22) in a report issued on Monday. The firm presently has a “neutral” rating on the mining company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 1.60% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Jefferies Group LLC reiterated an “underperform” rating and set a GBX 725 ($9.63) target price on shares of Polymetal International PLC in a research report on Thursday. Numis Securities Ltd restated a “buy” rating and issued a GBX 1,100 ($14.62) price objective on shares of Polymetal International PLC in a research report on Wednesday, October 11th. Finally, Panmure Gordon restated a “buy” rating and issued a GBX 1,166 ($15.49) price objective (down from GBX 1,193 ($15.85)) on shares of Polymetal International PLC in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Polymetal International PLC has an average rating of “Hold” and a consensus price target of GBX 916.45 ($12.18).
Shares of Polymetal International PLC (LON POLY) opened at 901.00 on Monday. The company’s 50-day moving average price is GBX 861.24 and its 200-day moving average price is GBX 938.18. The stock’s market cap is GBX 3.88 billion. Polymetal International PLC has a one year low of GBX 723.00 and a one year high of GBX 1,367.91.
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In related news, insider Vitaly Nesis acquired 703 shares of Polymetal International PLC stock in a transaction on Tuesday, September 19th. The shares were bought at an average cost of GBX 811 ($10.78) per share, with a total value of £5,701.33 ($7,575.51).
Polymetal International PLC Company Profile
Polymetal International plc is a gold and silver mining company operating in Russia, Kazakhstan and Armenia. The Company operates through nine segments: Voro (CJSC Gold of Northern Urals); Okhotsk operations (LLC Okhotskaya Mining and Exploration Company and Svetloye LLC); Dukat (JSC Magadan Silver); Omolon (Omolon Gold Mining Company LLC); Varvara (JSC Varvarinskoye; JSC Komarovskoye Mining Company); Amursk/Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC); Mayskoye (Mayskoye Gold Mining Company LLC); Kyzyl (Bakyrchik Mining Venture LLP and Inter Gold Capital LLP), and Armenia (Kapan MPC CJSC and LV Gold Mining CJSC).
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