Jefferies Group Lowers Polymetal International PLC (POLY) Price Target to GBX 700
Polymetal International PLC (LON:POLY) had its price objective cut by Jefferies Group from GBX 725 ($9.06) to GBX 700 ($8.75) in a report released on Tuesday. The firm presently has an “underperform” rating on the mining company’s stock. Jefferies Group’s target price points to a potential downside of 11.62% from the company’s current price.
Several other research firms also recently weighed in on POLY. Berenberg Bank cut their price target on Polymetal International PLC from GBX 395 ($4.94) to GBX 360 ($4.50) and set a “buy” rating on the stock in a research note on Wednesday, August 17th. Numis Securities Ltd restated a “buy” rating and issued a GBX 370 ($4.62) price target on shares of Polymetal International PLC in a research note on Tuesday, August 16th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Polymetal International PLC in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Polymetal International PLC has an average rating of “Hold” and a consensus price target of GBX 674.60 ($8.43).
Shares of Polymetal International PLC (LON:POLY) opened at 797.00 on Tuesday. The company’s market capitalization is GBX 3.40 billion. The firm has a 50 day moving average price of GBX 888.74 and a 200 day moving average price of GBX 957.52. Polymetal International PLC has a 52 week low of GBX 497.20 and a 52 week high of GBX 1,209.00.
In other news, insider Marina Groenberg purchased 2,500 shares of the stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average cost of GBX 866 ($10.82) per share, with a total value of £21,650 ($27,048.98).
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).
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