Mechel PAO (MTL) Stock Rating Reaffirmed by Canaccord Genuity
Mechel PAO (NYSE:MTL)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a $13.50 target price on the basic materials company’s stock. Canaccord Genuity’s price target indicates a potential upside of 494.71% from the company’s previous close.
Separately, Citigroup raised Mechel PAO from a “sell” rating to a “neutral” rating and lowered their price target for the company from $3.25 to $3.00 in a research report on Wednesday, September 19th.
Shares of NYSE:MTL traded up $0.10 during midday trading on Thursday, hitting $2.27. The company’s stock had a trading volume of 85,095 shares, compared to its average volume of 54,612. Mechel PAO has a fifty-two week low of $1.95 and a fifty-two week high of $5.46.
About Mechel PAO
Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties.
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