Polymetal International PLC (LON:POLY) had its target price decreased by stock analysts at Berenberg Bank from GBX 1,200 ($14.89) to GBX 960 ($11.91) in a research report issued on Tuesday. The firm currently 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 current price.
POLY has been the subject of several other reports. Jefferies Group cut their price objective on Polymetal International PLC from GBX 825 ($10.23) to GBX 725 ($8.99) and set an “underperform” rating for the company in a report on Friday, October 14th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 370 ($4.59) price objective on shares of Polymetal International PLC in a report on Tuesday, August 16th. Deutsche Bank AG increased their price objective on Polymetal International PLC from GBX 820 ($10.17) to GBX 850 ($10.54) and gave the stock a “hold” rating in a report on Thursday, August 25th. Finally, Morgan Stanley started coverage on Polymetal International PLC in a report on Wednesday, November 9th. They set an “equal weight” rating and a GBX 900 ($11.16) target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Polymetal International PLC currently has a consensus rating of “Hold” and an average price target of GBX 734.60 ($9.11).
Shares of Polymetal International PLC (LON:POLY) opened at 769.50 on Tuesday. The firm’s 50-day moving average price is GBX 850.83 and its 200 day moving average price is GBX 961.65. The firm’s market cap is GBX 3.28 billion. Polymetal International PLC has a 52 week low of GBX 497.20 and a 52 week high of GBX 1,209.00.
In other Polymetal International PLC news, insider Marina Groenberg purchased 2,500 shares of the stock in a transaction dated Tuesday, October 11th. The shares were bought at an average cost of GBX 866 ($10.74) per share, with a total value of £21,650 ($26,857.71).