Glencore Xstrata PLC Given Outperform Rating at Macquarie (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research note issued to investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 390 ($6.25) target price on the stock. Macquarie’s price target suggests a potential upside of 14.89% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 379 ($6.07) to GBX 367 ($5.88) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Tuesday. They now have a GBX 350 ($5.61) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 360 ($5.77) to GBX 380 ($6.09) in a research note to investors on Monday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Glencore Xstrata PLC presently has a consensus rating of “Buy” and an average target price of GBX 366.02 ($5.86).
Shares of Glencore Xstrata PLC (LON:GLEN) traded up 1.66% during mid-day trading on Thursday, hitting GBX 345.10. 12,685,186 shares of the company’s stock traded hands. Glencore Xstrata PLC has a 52-week low of GBX 256.05 and a 52-week high of GBX 399.00. The stock’s 50-day moving average is GBX 312.0 and its 200-day moving average is 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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