Canaccord Genuity cut shares of Polymetal International PLC (LON:POLY) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has GBX 850 ($13.24) price target on the stock, down from their previous price target of GBX 920 ($14.33).
Canaccord Genuity has also taken action a number of other stocks recently. The firm raised its price target on shares of Avago Technologies Limited from $43.00 to $45.00. They have a buy rating on that stock. Also, Canaccord Genuity reiterated its buy rating on shares of Rio Tinto.
Shares of Polymetal International PLC (LON:POLY) traded down 1.42% during mid-day trading on Tuesday, hitting GBX 730.50. 2,138,049 shares of the company’s stock traded hands. Polymetal International PLC has a 1-year low of GBX 439.50 and a 1-year high of GBX 1231.00. The stock’s 50-day moving average is GBX 663.9 and its 200-day moving average is GBX 740..
POLY has been the subject of a number of other recent research reports. Analysts at HSBC downgraded shares of Polymetal International PLC from an overweight rating to a neutral rating in a research note to investors on Tuesday. They now have a GBX 820 ($12.77) price target on the stock, up previously from GBX 730 ($11.37). Separately, analysts at Liberum Capital reiterated a hold rating on shares of Polymetal International PLC in a research note to investors on Friday, August 16th. Finally, analysts at Citigroup Inc. reiterated a neutral rating on shares of Polymetal International PLC in a research note to investors on Monday, August 12th. They now have a GBX 698 ($10.87) price target on the stock, up previously from GBX 498 ($7.76).
Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 799.34 ($12.45).
Polymetal International plc is a holding company. The Company is engaged in gold, silver and copper mining and related activities, including exploration, extraction, processing and reclamation, operating central processing hubs and mines in Russia and Kazakhstan.
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