Glencore Xstrata PLC Given Outperform Rating at Macquarie (GLEN)
Glencore Xstrata PLC (LON:GLEN)‘s stock had its “outperform” rating reaffirmed by analysts at Macquarie in a research report issued to clients and investors on Friday, American Banking and Market News reports. They currently have a GBX 390 ($6.57) target price on the stock. Macquarie’s price target would indicate a potential upside of 19.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note on Monday. They now have a GBX 370 ($6.23) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Glencore Xstrata PLC from GBX 382 ($6.43) to GBX 395 ($6.65) in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Finally, analysts at Investec cut their price target on shares of Glencore Xstrata PLC from GBX 305 ($5.14) to GBX 302 ($5.09) in a research note on Tuesday, May 6th. They now have a “reduce” rating on the stock. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 361.74 ($6.09).
Glencore Xstrata PLC (LON:GLEN) opened at 324.20 on Friday. 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 316.9 and its 200-day moving average is GBX 319.4.
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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