Jefferies Group Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 240
KAZ Minerals PLC (LON:KAZ) had its price objective upped by analysts at Jefferies Group from GBX 200 ($2.48) to GBX 240 ($2.97) in a research note issued on Friday. The firm currently has a “hold” rating on the copper miner’s stock. Jefferies Group’s price objective indicates a potential downside of 8.15% from the company’s current price.
Several other equities research analysts have also issued reports on the stock. Macquarie reissued an “outperform” rating and set a GBX 250 ($3.09) target price on shares of KAZ Minerals PLC in a research note on Wednesday, September 21st. Deutsche Bank AG reaffirmed a “hold” rating on shares of KAZ Minerals PLC in a research note on Monday, July 11th. Halyk Finance reaffirmed an “under review” rating on shares of KAZ Minerals PLC in a research note on Thursday, August 18th. Canaccord Genuity raised shares of KAZ Minerals PLC to a “hold” rating and raised their price target for the company from GBX 120 ($1.49) to GBX 130 ($1.61) in a research note on Monday, July 11th. Finally, BNP Paribas reaffirmed an “underperform” rating and issued a GBX 120 ($1.49) price target on shares of KAZ Minerals PLC in a research note on Monday, June 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 165.25 ($2.05).
KAZ Minerals PLC (LON:KAZ) opened at 267.60 on Friday. The company’s market cap is GBX 1.19 billion. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 270.30. The stock’s 50 day moving average price is GBX 206.43 and its 200-day moving average price is GBX 167.09.
In other KAZ Minerals PLC news, insider Heale,Simon purchased 28,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was acquired at an average price of GBX 176 ($2.18) per share, for a total transaction of £49,280 ($60,990.10).
About KAZ Minerals PLC
KAZ Minerals PLC, formerly Kazakhmys PLC, is a United Kingdom-based copper company. The Company is focused on open-pit mining in Kazakhstan. The Company operates through three segments: East Region operations, Mining Projects and Bozymchak. The East Region operations segment consists of the Company’s primary operating entity, Vostoktsvetmet LLC, engaged in the mining and processing of copper and other metals, which are produced as by-products and located in Kazakhstan, and the associated international sales and marketing activities managed out of the United Kingdom.
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