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Analysts at HSBC initiated coverage on shares of Glencore Xstrata PLC (LON:GLEN) in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm set an “overweight” rating and a GBX 420 ($6.89) price target on the stock. HSBC’s price objective points to a potential upside of 25.86% from the company’s current price.

A number of other analysts have also recently weighed in on GLEN. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Tuesday. They now have a GBX 450 ($7.39) price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 362.83 ($5.96).

Glencore Xstrata PLC (LON:GLEN) opened at 336.05 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 has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 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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