Is it irrelevant, or will the Upgrade make the Polymetal share price more attractive?

• Numis upgrades to Buy; Ups target price to 1050p (from 1000p)
• Consensus: 5Buys, 10 Holds, 0 Sell; Avg target: 902p (Source: Bloomberg).
• Current share price 864p (at time of writing).
• Will the shares turn back, or will the upgrade push them towards 900p Feb highs?
• Shares -4% from 2019 highs; +6.7% from 2019 lows; +5.1% year-to date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Polymetal – An Example

Let’s say you think that Polymetal shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Polymetal using a CFD, at the current price of 864p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Polymetal share price rises to 900p Feb highs (+4.1%). Your profit would be £410 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Polymetal shares fall 2% and hit your stop-loss. Your loss would be £200.

This is provided for information purposes only. It should not be taken as a recommendation.