Todays Report: Today, Berenberg Bank Trims Polymetal International PLC (POLY) Target Price to GBX 960

Today, Berenberg Bank Trims Polymetal International PLC (POLY) Target Price to GBX 960

Polymetal International PLC (LON:POLY) had its price target dropped by equities research analysts at Berenberg Bank to GBX 960 ($11.91) in a report released on Tuesday. The firm presently has a “buy” rating on the mining company’s stock. Berenberg Bank’s target price would suggest a potential upside of 26.32% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Peel Hunt upgraded shares of Polymetal International PLC to an “add” rating and set a GBX 350 ($4.34) price objective for the company in a report on Tuesday, November 15th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 330 ($4.09) price objective on shares of Polymetal International PLC in a report on Wednesday, November 2nd. Morgan Stanley initiated coverage on shares of Polymetal International PLC in a report on Wednesday, November 9th. They set an “equal weight” rating and a GBX 900 ($11.16) price objective for the company. Deutsche Bank AG reiterated a “hold” rating on shares of Polymetal International PLC in a report on Tuesday, August 9th. Finally, Jefferies Group decreased their price objective on shares of Polymetal International PLC from GBX 725 ($8.99) to GBX 700 ($8.68) and set an “underperform” rating for the company in a report on Tuesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Polymetal International PLC currently has an average rating of “Hold” and a consensus target price of GBX 734.60 ($9.11).

Shares of Polymetal International PLC (LON:POLY) opened at 769.50 on Tuesday. The stock’s 50 day moving average is GBX 850.83 and its 200-day moving average is GBX 961.65. Polymetal International PLC has a 12-month low of GBX 497.20 and a 12-month high of GBX 1,209.00. The stock’s market cap is GBX 3.28 billion.

In other news, insider Marina Groenberg acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average price of GBX 866 ($10.74) per share, with a total value of £21,650 ($26,857.71).

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