Hochschild Mining Shares Downgraded by BMO Capital

London -listed stock upgrades/downgrades and price target changes…

Upgrades/Downgrades:

Analysts at Bryan Garnier downgraded AstraZeneca to Buy from Conviction Buy, setting a 10,500p price target.

Stifel analyst Bridie Barrett downgraded Auto Trader Group shares to Hold from Buy, setting a price target of 775p, up from 700p.

X testing X

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Panmure Gordon analyst Kieron Hodgson downgraded Hochschild Mining to Hold from Buy, setting a 249p price target.

BMO Capital analyst Ryan Thompson downgraded Hochschild Mining to Market Perform from Outperform, setting a 165p price target. The downgrade emerged after the Presidency of the Council of Ministers of Peru “cast a cloud of uncertainty” over the Pallancata and Inmaculada mines. The analyst told investors that the two mines account for 74% of his net asset value estimate, and the analyst sees the potential for shares to weaken.

Price Target Changes:

RBC Capital analyst Benjamin Toms reduced the price target on Close Brothers to 1,600p from 1,700p, maintaining a Sector Perform rating on the shares.

UBS analyst Jason Napier reduced the price target on Close Brothers to 1,485p from 1,620p, maintaining a Neutral rating on the shares.

UBS analyst Guillermo Peigneux Lojo increased the price target on Spirax-Sarco to 16,100p from 16,000p, maintaining a Neutral rating on the shares.

UBS analyst Michael Briest increased the price target on Sage Group to 790p from 730p, maintaining a Neutral rating on the shares.

NGG UBS analyst Sam Arie increased the price target on National Grid to 1,080p from 1,050p, maintaining a Buy rating on the shares.

What shares should you buy?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

See our best stocks to buy now guide