Glencore Xstrata PLC Given “Buy” Rating at Liberum Capital (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Wednesday, AR Network reports.
Several other analysts have also recently commented on the stock. Analysts at UBS AG downgraded shares of Glencore Xstrata PLC (LON:GLEN) to a “neutral” rating in a research note to investors on Tuesday. They now have a GBX 335 ($5.32) price target on the stock, up previously from GBX 330 ($5.24). Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Friday, September 13th. They now have a GBX 525 ($8.34) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 375 ($5.95) to GBX 379 ($6.02) in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 364.29 ($5.78).
Glencore Xstrata PLC (LON:GLEN) traded down 0.90% on Wednesday, hitting GBX 331.20. The stock had a trading volume of 19,779,156 shares. Glencore Xstrata PLC has a 1-year low of GBX 218.80 and a 1-year high of GBX 399.00. The stock’s 50-day moving average is GBX 308.6 and its 200-day moving average is GBX 319..
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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