Glencore Xstrata PLC Price Target Raised to GBX 380 at Citigroup Inc. (GLEN)
Investment analysts at Citigroup Inc. increased their price target on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 360 ($5.77) to GBX 380 ($6.09) in a note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 12.88% from the company’s current price.
A number of other firms have also recently commented on GLEN. Analysts at BNP Paribas upgraded shares of Glencore Xstrata PLC (LON:GLEN) to an “outperform” rating in a research note to investors on Thursday. They now have a GBX 410 ($6.57) price target on the stock, up previously from GBX 345 ($5.53). Separately, analysts at Nomura reiterated a “neutral” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Thursday. They now have a GBX 290 ($4.65) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Wednesday, September 18th.
One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 368.29 ($5.90).
Shares of Glencore Xstrata PLC (LON:GLEN) traded down 1.12% on Monday, hitting GBX 336.65. 12,927,833 shares of the company’s stock traded hands. Glencore Xstrata PLC has a one year low of GBX 218.80 and a one year high of GBX 399.00. The stock has a 50-day moving average of GBX 312.0 and a 200-day moving average of GBX 320.0.
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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