Mechel PAO’s (MTL) Neutral Rating Reiterated at Canaccord Genuity
Canaccord Genuity reaffirmed their neutral rating on shares of Mechel PAO (NYSE:MTL) in a research note released on Friday, AnalystRatings.com reports. Canaccord Genuity currently has a $10.00 price objective on the basic materials company’s stock.
Several other research firms have also issued reports on MTL. Raymond James reiterated a buy rating and set a $16.00 price target on shares of Mechel PAO in a research report on Monday, June 24th. ValuEngine upgraded shares of Mechel PAO from a strong sell rating to a sell rating in a research report on Saturday, June 22nd. Finally, CIBC upgraded shares of Mechel PAO from a neutral rating to an outperformer rating and set a $15.00 price target on the stock in a research report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Mechel PAO currently has a consensus rating of Hold and a consensus target price of $11.00.
NYSE MTL opened at $1.58 on Friday. The firm’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $2.08. Mechel PAO has a 1 year low of $1.57 and a 1 year high of $3.42.
Mechel PAO Company Profile
Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.
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