Petropavlovsk (LON: POG)‘s stock had its “sell” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Monday, ARN reports. They currently have a GBX 62 ($0.94) price target on the stock, down from their previous price target of GBX 110 ($1.66). Citigroup Inc.’s price target points to a potential downside of 11.74% from the stock’s previous close.
Shares of Petropavlovsk (LON: POG) traded up 1.42% during mid-day trading on Monday, hitting GBX 71.25. Petropavlovsk has a 52 week low of GBX 63.00 and a 52 week high of GBX 458.531. The stock’s 50-day moving average is currently GBX 419.1. The company’s market cap is £132.9 million.
POG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Wednesday, July 10th. They now have a GBX 150 ($2.27) price target on the stock, down previously from GBX 350 ($5.29). Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petropavlovsk in a research note to investors on Tuesday, July 9th. They now have a GBX 340 ($5.14) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Petropavlovsk from GBX 106 ($1.60) to GBX 76 ($1.15) in a research note to investors on Monday, July 8th. They now have a “sell” rating on the stock.
Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 265.09 ($4.00).
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.