Glencore Xstrata PLC Stock Rating Reaffirmed by Credit Suisse (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Wednesday, AnalystRatings.NET reports. They currently have a GBX 380 ($6.36) target price on the stock. Credit Suisse’s price target points to a potential upside of 21.04% from the stock’s previous close.
GLEN has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note on Tuesday. They now have a GBX 330 ($5.52) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Glencore Xstrata PLC from GBX 350 ($5.86) to GBX 360 ($6.02) in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note on Monday. They now have a GBX 375 ($6.27) price target on the stock. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 358.24 ($5.99).
Shares of Glencore Xstrata PLC (LON:GLEN) traded up 0.50% on Wednesday, hitting GBX 313.95. The stock had a trading volume of 19,029,858 shares. Glencore Xstrata PLC has a 52 week low of GBX 256.05 and a 52 week high of GBX 357.10. The stock has a 50-day moving average of GBX 318.7 and a 200-day moving average of GBX 322.8.
Glencore Xstrata Plc is a diversified natural resource company. The Company operates in three segments: Metals and Minerals, which includes copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore; Energy Products, which includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities, and Agricultural Products, which focuses on grains, oils/oilseeds, cotton and sugar.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.