Polymetal International PLC (LON:POLY) Given Average Rating of “Buy” by Analysts

Shares of Polymetal International PLC (LON:POLY) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,032 ($13.48).

A number of analysts recently commented on POLY shares. Citigroup raised Polymetal International to a “buy” rating and increased their price objective for the company from GBX 915 ($11.96) to GBX 1,060 ($13.85) in a research note on Tuesday, June 25th. Berenberg Bank increased their price objective on Polymetal International from GBX 970 ($12.67) to GBX 1,070 ($13.98) and gave the company a “hold” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price objective on Polymetal International from GBX 1,010 ($13.20) to GBX 980 ($12.81) and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group reaffirmed a “buy” rating on shares of Polymetal International in a research note on Thursday, July 25th.

Shares of POLY traded down GBX 5 ($0.07) during trading hours on Wednesday, reaching GBX 1,079.50 ($14.11). 1,173,711 shares of the company traded hands, compared to its average volume of 970,325. The company has a quick ratio of 1.31, a current ratio of 2.89 and a debt-to-equity ratio of 135.93. The stock has a market capitalization of $5.08 billion and a PE ratio of 13.65. Polymetal International has a fifty-two week low of GBX 593.80 ($7.76) and a fifty-two week high of GBX 1,097.50 ($14.34). The stock has a fifty day simple moving average of GBX 1,010.47 and a 200 day simple moving average of GBX 891.26.

In related news, insider Ian Cockerill acquired 6,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of GBX 889 ($11.62) per share, with a total value of £60,452 ($78,991.25).

About Polymetal International

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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Analyst Recommendations for Polymetal International (LON:POLY)

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