Kazakhmys Price Target Cut to $7.55 by Analysts at Jefferies Group (KAZ)
Kazakhmys (LON: KAZ) had its price target lowered by Jefferies Group from $12.08 (800 GBX) to $7.55 (500 GBX) in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.
KAZ has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a hold rating on shares of Kazakhmys in a research note to investors on Wednesday. They now have a $9.82 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Kazakhmys from $12.24 to $8.61 in a research note to investors on Tuesday. They now have a hold rating on the stock. Finally, analysts at Nomura cut their price target on shares of Kazakhmys from $10.45 to $7.09 in a research note to investors on Monday, March 11th. They now have a reduce rating on the stock.
Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $10.01 (663 GBX).
Shares of Kazakhmys (LON: KAZ) opened at 476.40 on Wednesday. Kazakhmys has a one year low of GBX 471.72 and a one year high of GBX 970.00. The stock’s 50-day moving average is currently GBX 686.5. The company’s market cap is £2.547 billion.
Kazakhmys PLC, along with its subsidiaries, is natural resource company focused on the production of copper.
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