Mechel PAO (NYSE:MTL)‘s stock had its “strong-buy” rating restated by equities researchers at Raymond James in a report issued on Thursday, BayStreet.CA reports. They presently have a $12.50 price objective on the basic materials company’s stock.
MTL has been the topic of several other research reports. Canaccord Genuity reissued a “neutral” rating and set a $10.00 target price on shares of Mechel PAO in a research note on Friday, August 16th. BMO Capital Markets restated a “neutral” rating and set a $11.00 price target on shares of Mechel PAO in a report on Tuesday, September 10th. CIBC upgraded Mechel PAO from a “neutral” rating to an “outperformer” rating and set a $15.00 price target on the stock in a report on Wednesday, July 3rd. Finally, ValuEngine upgraded Mechel PAO from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.13.
MTL opened at $1.86 on Thursday. The stock’s 50-day moving average price is $1.90 and its 200 day moving average price is $1.96. Mechel PAO has a 12-month low of $1.53 and a 12-month high of $2.97.
Mechel PAO Company Profile
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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