Glencore Xstrata PLC Stock Rating Reaffirmed by Goldman Sachs Group Inc. (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by investment analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 360 ($5.82) price objective on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 5.19% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Wednesday. They now have a GBX 290 ($4.69) price target on the stock. Separately, analysts at Standard Chartered upgraded shares of Glencore Xstrata PLC to an “outperform” rating in a research note to investors on Monday. They now have a GBX 390.26 ($6.31) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Monday. They now have a GBX 400 ($6.47) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Glencore Xstrata PLC presently has a consensus rating of “Buy” and an average target price of GBX 369.89 ($5.98).
Shares of Glencore Xstrata PLC (LON:GLEN) opened at 345.15 on Wednesday. Glencore Xstrata PLC has a 52 week low of GBX 256.05 and a 52 week high of GBX 399.00. The stock has a 50-day moving average of GBX 330.3 and a 200-day moving average of 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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