Research analysts at Citigroup Inc. decreased their price objective on shares of Petropavlovsk (LON:POG) from GBX 59 ($0.91) to GBX 58 ($0.90) in a report released on Monday, American Banking and Market News reports. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s target price would suggest a potential downside of 40.51% from the stock’s previous close.
Shares of Petropavlovsk (LON:POG) opened at 96.33 on Monday. Petropavlovsk has a 52 week low of GBX 63.00 and a 52 week high of GBX 464.30. The stock’s 50-day moving average is GBX 98.8 and its 200-day moving average is GBX 157.2. The company’s market cap is £179.7 million.
A number of other firms have also recently commented on POG. Analysts at SP Angel reiterated a “buy” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Friday. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Friday. They now have a GBX 90 ($1.39) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Petropavlovsk (LON:POG) in a research note to investors on Friday. They now have a GBX 70 ($1.08) price target on the stock.
Seven investment analysts have rated the stock with a sell rating and ten have given a buy rating to the stock. Petropavlovsk currently has an average rating of “Hold” and a consensus target price of GBX 198.81 ($3.08).
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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