The Jefferies Group Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 240

The Jefferies Group Boosts KAZ Minerals PLC (KAZ) Price Target to GBX 240

KAZ Minerals PLC (LON:KAZ) had its target price raised by analysts at Jefferies Group from GBX 200 ($2.48) to GBX 240 ($2.97) in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the copper miner’s stock. Jefferies Group’s price objective suggests a potential downside of 8.15% from the stock’s previous close.

Several other analysts also recently issued reports on KAZ. Deutsche Bank AG reaffirmed a “hold” rating on shares of KAZ Minerals PLC in a report on Wednesday, June 22nd. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 120 ($1.49) price target on shares of KAZ Minerals PLC in a report on Monday, June 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a GBX 150 ($1.86) price target on shares of KAZ Minerals PLC in a report on Thursday, June 30th. Canaccord Genuity raised shares of KAZ Minerals PLC to a “hold” rating and upped their price target for the company from GBX 120 ($1.49) to GBX 130 ($1.61) in a report on Monday, July 11th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a GBX 130 ($1.61) price target (up previously from GBX 70 ($0.87)) on shares of KAZ Minerals PLC in a report on Monday, July 18th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. KAZ Minerals PLC currently has an average rating of “Hold” and a consensus target price of GBX 165.25 ($2.05).

KAZ Minerals PLC (LON:KAZ) opened at 267.60 on Friday. The firm’s market cap is GBX 1.19 billion. KAZ Minerals PLC has a 1-year low of GBX 75.00 and a 1-year high of GBX 270.30. The firm has a 50 day moving average of GBX 206.43 and a 200 day moving average of GBX 167.09.

In other news, insider Heale,Simon purchased 28,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average cost of GBX 176 ($2.18) per share, with a total value of £49,280 ($60,990.10).

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