Glencore Xstrata PLC’s “Neutral” Rating Reaffirmed at BNP Paribas (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report released on Tuesday, AR Network reports. They currently have a GBX 350 ($5.47) price target on the stock. BNP Paribas’ price objective indicates a potential upside of 8.93% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Monday. They now have a GBX 375 ($5.86) price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Monday. They now have a GBX 309 ($4.83) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Wednesday, September 4th. They now have a GBX 350 ($5.47) price target on the stock.
One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Glencore Xstrata PLC presently has a consensus rating of “Buy” and a consensus target price of GBX 370.37 ($5.79).
Shares of Glencore Xstrata PLC (LON:GLEN) opened at 332.60 on Tuesday. Glencore Xstrata PLC has a 52 week low of GBX 218.80 and a 52 week high of GBX 399.00. The stock has a 50-day moving average of GBX 298.3 and a 200-day moving average of GBX 321.8.
Glencore International plc is a holding company. It operates in three segments: metals and minerals, which include zinc, copper, lead, alumina, aluminium, ferro alloys, nickel, cobalt and iron ore, including smelting, refining, mining, processing and storage related operations; energy products, which includes crude oil, oil products, steam coal and metallurgical coal supported by investments in coal mining and oil production operations, ports, vessels and storage facilities, and agriculture products.
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