Glencore Xstrata PLC Rating Reiterated by Credit Suisse (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 400 ($6.47) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 20.39% from the company’s current price.
Glencore Xstrata PLC (LON:GLEN) traded down 3.71% on Monday, hitting GBX 332.25. 28,108,284 shares of the company’s stock traded hands. Glencore Xstrata PLC has a 52 week low of GBX 218.80 and a 52 week high of GBX 399.00. The stock has a 50-day moving average of GBX 336.2 and a 200-day moving average of GBX 313.6.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Glencore Xstrata PLC in a research note to investors on Monday, October 28th. They now have a GBX 380 ($6.15) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note to investors on Friday, October 25th. They now have a GBX 380 ($6.15) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Thursday, October 24th. They now have a GBX 410 ($6.63) price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target 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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