Glencore Xstrata PLC Price Target Cut to GBX 367 (GLEN)
Stock analysts at Deutsche Bank decreased their target price on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 379 ($6.07) to GBX 367 ($5.88) in a report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 6.45% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at BNP Paribas upgraded shares of Glencore Xstrata PLC (LON:GLEN) to an “outperform” rating in a research note to investors on Thursday, September 19th. They now have a GBX 410 ($6.57) price target on the stock, up previously from GBX 345 ($5.53). One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. Glencore Xstrata PLC has an average rating of “Buy” and a consensus target price of GBX 366.02 ($5.86).
Glencore Xstrata PLC (LON:GLEN) traded up 1.56% on Thursday, hitting GBX 344.75. 21,139,204 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 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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