Glencore Xstrata PLC Stock Rating Lowered by AlphaValue (GLEN)
Glencore Xstrata PLC (LON:GLEN) was downgraded by research analysts at AlphaValue to a “reduce” rating in a report released on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 309.50 ($4.99) price target on the stock, down from their previous price target of GBX 352.20 ($5.68). AlphaValue’s target price indicates a potential downside of 7.38% from the company’s current price.
Glencore Xstrata PLC (LON:GLEN) traded up 1.10% on Wednesday, hitting GBX 334.15. The stock had a trading volume of 16,369,430 shares. Glencore Xstrata PLC has a one year low of GBX 256.05 and a one year 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.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Wednesday. They now have a GBX 290 ($4.68) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Friday, September 27th. They now have a GBX 400 ($6.45) price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Glencore Xstrata PLC (LON:GLEN) in a research note to investors on Thursday, September 26th. They now have a GBX 390 ($6.29) price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 364.39 ($5.88).
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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