Glencore Xstrata PLC Rating Reiterated by Sanford C. Bernstein (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating restated by equities researchers at Sanford C. Bernstein in a research report issued on Tuesday, Analyst Ratings Net reports. They currently have a GBX 450 ($7.39) price target on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 34.85% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Glencore Xstrata PLC from GBX 307 ($5.04) to GBX 299 ($4.91) in a research note to investors on Thursday, January 16th. They now have a “sell” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Glencore Xstrata PLC from GBX 367 ($6.02) to GBX 375 ($6.16) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday, January 14th. They now have a GBX 345 ($5.66) price target on the stock. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Glencore Xstrata PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 360.11 ($5.91).
Glencore Xstrata PLC (LON:GLEN) traded down 1.27% during mid-day trading on Tuesday, hitting GBX 333.70. 22,957,478 shares of the company’s stock traded hands. 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 311.9 and a 200-day moving average of GBX 313.0.
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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