Glencore Xstrata PLC Receives “Buy” Rating from Deutsche Bank (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Friday, AnalystRatings.NET reports. They currently have a GBX 367 ($5.94) target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 10.46% from the stock’s previous close.
Glencore Xstrata PLC (LON:GLEN) traded down 3.71% during mid-day trading on Friday, hitting GBX 332.25. The stock had a trading volume of 28,108,284 shares. Glencore Xstrata PLC has a 52-week low of GBX 218.80 and a 52-week high of GBX 399.00. The stock’s 50-day moving average is GBX 336.2 and its 200-day moving average is GBX 313.6.
GLEN has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Thursday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Wednesday. They now have a GBX 360 ($5.82) price target on the stock. Finally, 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. Two 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 stock currently has a consensus rating of “Buy” and an average target price of GBX 367.51 ($5.95).
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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