Glencore Xstrata PLC Price Target Raised to GBX 395 at Deutsche Bank (GLEN)
Analysts at Deutsche Bank hoisted their target price on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 382 ($6.44) to GBX 395 ($6.66) in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 21.17% from the stock’s previous close.
Shares of Glencore Xstrata PLC (LON:GLEN) opened at 326.00 on Wednesday. Glencore Xstrata PLC has a 1-year low of GBX 218.80 and a 1-year high of GBX 357.10. The stock has a 50-day moving average of GBX 314.4 and a 200-day moving average of GBX 319..
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Glencore Xstrata PLC from GBX 305 ($5.15) to GBX 302 ($5.09) in a research note on Tuesday, May 6th. They now have a “reduce” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note on Tuesday, May 6th. They now have a GBX 380 ($6.41) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Glencore Xstrata PLC in a research note on Tuesday, May 6th. They now have a GBX 400 ($6.75) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 360.36 ($6.08).
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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