Glencore Xstrata PLC’s Buy Rating Reaffirmed at Jefferies Group (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Friday, Analyst Ratings Network reports. They currently have a GBX 400 ($6.57) price target on the stock. Jefferies Group’s target price indicates a potential upside of 22.93% from the company’s current price.
Shares of Glencore Xstrata PLC (LON:GLEN) opened at 325.40 on Friday. Glencore Xstrata PLC has a one year low of GBX 256.05 and a one year high of GBX 399.00. The stock’s 50-day moving average is GBX 317.5 and its 200-day moving average is GBX 317.5.
A number of other firms have also recently commented on GLEN. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note to investors on Monday, February 3rd. They now have a GBX 450 ($7.40) price target on the stock. Separately, analysts at Investec raised their price target on shares of Glencore Xstrata PLC from GBX 299 ($4.91) to GBX 308 ($5.06) in a research note to investors on Thursday, January 30th. They now have a “sell” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Glencore Xstrata PLC from GBX 290 ($4.77) to GBX 330 ($5.42) in a research note to investors on Tuesday, January 28th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Glencore Xstrata PLC presently has a consensus rating of “Hold” and an average target price of GBX 364.58 ($5.99).
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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