JPMorgan Chase & Co. Increases Polymetal International (LON:POLY) Price Target to GBX 1,060

Polymetal International (LON:POLY) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 1,000 ($13.07) to GBX 1,060 ($13.85) in a report issued on Thursday, Digital Look reports. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 9.40% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. UBS Group reissued a “buy” rating on shares of Polymetal International in a research report on Friday, September 6th. Berenberg Bank increased their price objective on shares of Polymetal International from GBX 970 ($12.67) to GBX 1,070 ($13.98) and gave the stock a “hold” rating in a research report on Tuesday, July 30th. Citigroup raised shares of Polymetal International to a “buy” rating and raised their price target for the company from GBX 915 ($11.96) to GBX 1,060 ($13.85) in a report on Tuesday, June 25th. Finally, Royal Bank of Canada raised their price target on shares of Polymetal International from GBX 1,100 ($14.37) to GBX 1,200 ($15.68) and gave the company an “outperform” rating in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,106.67 ($14.46).

Shares of Polymetal International stock traded up GBX 19.50 ($0.25) during trading hours on Thursday, hitting GBX 1,170 ($15.29). The company’s stock had a trading volume of 740,468 shares, compared to its average volume of 970,325. Polymetal International has a 1-year low of GBX 593.80 ($7.76) and a 1-year high of GBX 1,214.19 ($15.87). The business has a fifty day moving average of GBX 1,071.14 and a 200 day moving average of GBX 920.46. The company has a market capitalization of $5.54 billion and a PE ratio of 16.36. The company has a quick ratio of 0.85, a current ratio of 2.51 and a debt-to-equity ratio of 116.83.

About Polymetal International

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates in four segments: Magadan, Ural, Khabarovsk, and Kazakhstan. It is involved in the exploration, extraction, processing, reclamation, and other related activities of gold, silver, copper, zinc, and platinum group metals.

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Analyst Recommendations for Polymetal International (LON:POLY)

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