Petropavlovsk Price Target Cut to $7.76 by Analysts at JPMorgan Chase (POG)
JPMorgan Chase decreased their price target on shares of Petropavlovsk (LON: POG) from $8.15 (526 GBX) to $7.76 (501 GBX) in a research note issued on Tuesday. The firm currently has an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on POG. Analysts at Citigroup downgraded shares of Petropavlovsk to a “neutral” rating in a research note to investors on Friday. They now have a $5.84 price target on the stock, down previously from $7.76. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Petropavlovsk in a research note to investors on Thursday, January 31st. They now have a $8.53 price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Petropavlovsk in a research note to investors on Friday, January 18th. They now have a $7.68 price target on the stock.
Petropavlovsk traded down 1.05% on Tuesday, hitting GBX 319.70. Petropavlovsk has a 1-year low of GBX 286.60 and a 1-year high of GBX 774.50. The stock’s 50-day moving average is currently GBX 419.1. The company’s market cap is £596.3 million.
Petropavlovsk PLC is a gold producer. The Company is engaged in the mining of precious and non-precious metals which require it to hold licenses which permit it to explore and mine in particular areas in Russia.
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