Glencore Xstrata PLC Stock Rating Reaffirmed by Credit Suisse (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Wednesday, Analyst Ratings.Net reports. They currently have a GBX 400 ($6.56) price target on the stock. Credit Suisse’s price objective points to a potential upside of 29.51% from the stock’s previous close.
A number of other firms have also recently commented on GLEN. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Glencore Xstrata PLC in a research note to investors on Wednesday. They now have a GBX 350 ($5.74) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday, November 26th. They now have a GBX 330 ($5.41) price target on the stock. Five analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 362.84 ($5.95).
Shares of Glencore Xstrata PLC (LON:GLEN) opened at 314.75 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’s 50-day moving average is GBX 308.8 and its 200-day moving average is GBX 309.9.
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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