Glencore Xstrata PLC Stock Rating Lowered by Liberum Capital (GLEN)
Glencore Xstrata PLC (LON:GLEN) was downgraded by stock analysts at Liberum Capital from a “buy” rating to a “hold” rating in a report issued on Monday, StockRatingsNetwork.com reports.
Shares of Glencore Xstrata PLC (LON:GLEN) traded down 1.40% on Monday, hitting GBX 331.20. 18,567,572 shares of the company’s stock traded hands. 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.
A number of other analysts have also recently weighed in on GLEN. Analysts at AlphaValue reiterated a “reduce” rating on shares of Glencore Xstrata PLC in a research note to investors on Thursday. They now have a GBX 314 ($5.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday, October 8th. They now have a GBX 367 ($5.86) price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 364.62 ($5.82).
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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