KAZ Minerals PLC (KAZ) Receives GBX 172.13 Consensus Target Price from Brokerages
KAZ Minerals PLC (LON:KAZ) has been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the stock. Six analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 173.60 ($2.15).
KAZ has been the subject of several recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 150 ($1.86) price objective on shares of KAZ Minerals PLC in a report on Friday, July 29th. Deutsche Bank AG upped their price target on KAZ Minerals PLC from GBX 183 ($2.27) to GBX 189 ($2.34) and gave the stock a “hold” rating in a report on Friday, August 19th. Credit Suisse Group AG upgraded KAZ Minerals PLC to an “outperform” rating and upped their price target for the stock from GBX 165 ($2.04) to GBX 250 ($3.10) in a report on Friday, August 19th. Peel Hunt upped their price target on KAZ Minerals PLC from GBX 140 ($1.73) to GBX 160 ($1.98) and gave the stock a “hold” rating in a report on Monday, August 8th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 200 ($2.48) price target on shares of KAZ Minerals PLC in a report on Monday, September 5th.
KAZ Minerals PLC (LON:KAZ) opened at 359.80 on Monday. The firm’s market capitalization is GBX 1.61 billion. KAZ Minerals PLC has a 52-week low of GBX 75.00 and a 52-week high of GBX 378.90. The firm’s 50-day moving average is GBX 264.05 and its 200-day moving average is GBX 184.59.
In other KAZ Minerals PLC news, insider Heale,Simon bought 28,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were acquired at an average cost of GBX 176 ($2.18) per share, for a total transaction of £49,280 ($61,042.98).
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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