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Stock analysts at Investec lowered their target price on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 307 ($5.06) to GBX 299 ($4.93) in a report issued on Thursday, reports. The firm currently has a “sell” rating on the stock. Investec’s price target suggests a potential downside of 8.62% from the company’s current price.

A number of other firms have also recently commented on GLEN. Analysts at Deutsche Bank raised their price target on shares of Glencore Xstrata PLC from GBX 367 ($6.05) to GBX 375 ($6.18) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday. They now have a GBX 345 ($5.69) price target on the stock. Finally, analysts at Barclays upgraded shares of Glencore Xstrata PLC to an “overweight” rating in a research note to investors on Friday, January 10th. They now have a GBX 375 ($6.18) price target on the stock, up previously from GBX 305 ($5.03). Five analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Glencore Xstrata PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 362.71 ($5.98).

Shares of Glencore Xstrata PLC (LON:GLEN) traded up 2.43% on Thursday, hitting GBX 327.20. The stock had a trading volume of 30,167,268 shares. 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 309.7 and its 200-day moving average is GBX 311.5.

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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