Glencore Xstrata PLC Rating Reiterated by Deutsche Bank (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 367 ($5.89) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 13.78% from the stock’s previous close.
A number of other analysts have also recently weighed in on GLEN. Analysts at AlphaValue downgraded shares of Glencore Xstrata PLC to a “reduce” rating in a research note to investors on Wednesday, October 2nd. They now have a GBX 309.50 ($4.97) price target on the stock, down previously from GBX 352.20 ($5.65). Separately, analysts at Nomura reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Wednesday, October 2nd. They now have a GBX 290 ($4.65) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note to investors on Friday, September 27th. They now have a GBX 400 ($6.42) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 364.39 ($5.85).
Glencore Xstrata PLC (LON:GLEN) traded down 1.45% during mid-day trading on Tuesday, hitting GBX 322.55. The stock had a trading volume of 15,386,329 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.
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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