Glencore Xstrata PLC Given outperform Rating at BNP Paribas (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating restated by stock analysts at BNP Paribas in a report issued on Thursday, Analyst Ratings.Net reports. They currently have a GBX 410 ($6.63) price objective on the stock. BNP Paribas’ target price suggests a potential upside of 20.52% from the stock’s previous close.
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 Thursday. They now have a GBX 367 ($5.93) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note to investors on Thursday. They now have a GBX 425 ($6.87) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday. They now have a GBX 450 ($7.28) price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Glencore Xstrata PLC has a consensus rating of “Buy” and an average target price of GBX 363.37 ($5.88).
Glencore Xstrata PLC (LON:GLEN) opened at 341.60 on Thursday. Glencore Xstrata PLC has a 52-week low of GBX 256.05 and a 52-week high of GBX 399.00. The stock’s 50-day moving average is GBX 330.3 and its 200-day moving average is GBX 314.4.
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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