Glencore Xstrata PLC Receives Buy Rating from Deutsche Bank (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Analyst RN reports. They currently have a GBX 382 ($6.42) price target on the stock. Deutsche Bank’s target price points to a potential upside of 20.88% from the company’s current price.
A number of other analysts have also recently weighed in on GLEN. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note on Thursday, April 17th. They now have a GBX 410 ($6.89) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note on Wednesday, April 16th. They now have a GBX 380 ($6.38) price target on the stock. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note on Tuesday, April 15th. They now have a GBX 330 ($5.54) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 359.71 ($6.04).
Glencore Xstrata PLC (LON:GLEN) opened at 312.85 on Monday. Glencore Xstrata PLC has a 1-year low of GBX 256.05 and a 1-year high of GBX 357.10. The stock’s 50-day moving average is GBX 312.5 and its 200-day moving average is GBX 320.7.
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.
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