Glencore Xstrata PLC Given “Buy” Rating at Deutsche Bank (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Thursday, AR Network reports. They currently have a GBX 367 ($5.93) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 7.15% from the stock’s previous close.
Glencore Xstrata PLC (LON:GLEN) traded up 0.68% during mid-day trading on Thursday, hitting GBX 342.50. The stock had a trading volume of 21,390,146 shares. 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 330.3 and its 200-day moving average is GBX 314.4.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Liberum Capital downgraded shares of Glencore Xstrata PLC from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 363.37 ($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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