Petropavlovsk Stock Rating Lowered by Citigroup (POG)
Petropavlovsk (LON: POG) was downgraded by equities research analysts at Citigroup to a “neutral” rating in a research note issued to investors on Friday. They currently have a $5.84 (377 GBX) price target on the stock, down from their previous price target of $7.76 (501 GBX).
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Petropavlovsk in a research note to investors on Tuesday, January 15th. They now have a $6.75 price target on the stock.
Shares of Petropavlovsk traded down 4.76% during mid-day trading on Friday, hitting GBX 326.40. Petropavlovsk has a 52 week low of GBX 286.60 and a 52 week high of GBX 774.50. The stock’s 50-day moving average is currently GBX 419.1. The company’s market cap is £608.8 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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