Polymetal International PLC (LON:POLY) Receives Consensus Rating of “Buy” from Brokerages
Polymetal International PLC (LON:POLY) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,285 ($16.90).
A number of equities analysts have recently weighed in on POLY shares. Berenberg Bank raised Polymetal International to a “buy” rating and upped their price objective for the stock from GBX 1,140 ($15.00) to GBX 1,480 ($19.47) in a research note on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 1,400 ($18.42) target price (up from GBX 1,200 ($15.79)) on shares of Polymetal International in a research report on Monday, October 14th. Shore Capital reiterated a “not rated” rating on shares of Polymetal International in a research report on Tuesday, October 1st. JPMorgan Chase & Co. decreased their target price on Polymetal International from GBX 1,150 ($15.13) to GBX 1,120 ($14.73) and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Finally, Goldman Sachs Group decreased their target price on Polymetal International from GBX 1,310 ($17.23) to GBX 1,300 ($17.10) and set a “buy” rating on the stock in a research report on Tuesday, October 29th.
Shares of LON POLY traded up GBX 13 ($0.17) during mid-day trading on Friday, reaching GBX 1,249 ($16.43). The company’s stock had a trading volume of 931,906 shares, compared to its average volume of 970,325. The firm has a market capitalization of $5.87 billion and a PE ratio of 17.47. The company has a debt-to-equity ratio of 116.83, a current ratio of 2.51 and a quick ratio of 0.85. The stock has a fifty day moving average of GBX 1,192.20 and a two-hundred day moving average of GBX 1,131.99. Polymetal International has a 52 week low of GBX 763.80 ($10.05) and a 52 week high of GBX 1,283 ($16.88).
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates in four segments: Magadan, Ural, Khabarovsk, and Kazakhstan. It is involved in the exploration, extraction, processing, reclamation, and other related activities of gold, silver, copper, zinc, and platinum group metals.
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