Glencore Xstrata PLC Given Reduce Rating at AlphaValue (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “reduce” rating restated by analysts at AlphaValue in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 314 ($5.04) price objective on the stock. AlphaValue’s price target indicates a potential downside of 2.65% from the company’s current price.
A number of other analysts have also recently weighed in on GLEN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday. They now have a GBX 367 ($5.89) price target on the stock. 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 assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 364.62 ($5.85).
Shares of Glencore Xstrata PLC (LON:GLEN) traded up 1.33% on Thursday, hitting GBX 326.85. 9,203,606 shares of the company’s stock traded hands. Glencore Xstrata PLC has a 1-year low of GBX 256.05 and a 1-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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