Does this Upgrade present an opportunity for you?

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

• The chart shows the Polymetal share price movements since late August.
• Shares -36.0% from 2018 highs; +4.6% from 2018 lows; -33.6% year-to date
• Jefferies upgraded Polymetal to Hold (from underperform),
• Jefferies upgraded its target price to 650p (from 555p).
• Consensus summary: 9 Buys, 5 Holds, 1 Sell; Average target: 832p (Source: Bloomberg).
• Current share price 611.2p (at time of writing).
• Will the shares turn back, or will the upgrade push the shares back towards September 650p highs?

Click to enlarge

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 611.2p. To do this, you need £2,000.

For the purpose of this example, let’s assume the Polymetal share price rises to 650p (+6.3%). Your profit would be £630 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Polymetal shares continue their downtrend, they fall 3% and hit your stop-loss. Your loss would be £300.

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