Glencore Xstrata PLC Price Target Raised to GBX 377 at Deutsche Bank (GLEN)
Equities research analysts at Deutsche Bank hoisted their price objective on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 375 ($6.15) to GBX 377 ($6.19) in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 11.75% from the stock’s previous close.
Glencore Xstrata PLC (LON:GLEN) traded up 1.29% during mid-day trading on Wednesday, hitting GBX 337.15. The stock had a trading volume of 41,268,680 shares. Glencore Xstrata PLC has a 1-year low of GBX 256.05 and a 1-year high of GBX 399.00. The stock has a 50-day moving average of GBX 319.3 and a 200-day moving average of GBX 318.8.
A number of other firms have also recently commented on GLEN. Analysts at Goldman Sachs raised their price target on shares of Glencore Xstrata PLC from GBX 320 ($5.25) to GBX 325 ($5.33) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note on Tuesday. They now have a GBX 400 ($6.56) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of Glencore Xstrata PLC in a research note on Tuesday. Five 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. The company has an average rating of “Hold” and an average target price of GBX 369.26 ($6.06).
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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