Share on StockTwits

Stock analysts at Deutsche Bank hoisted their price target on shares of Glencore Xstrata PLC (LON:GLEN) from GBX 395 ($6.64) to GBX 410 ($6.90) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 25.19% from the stock’s previous close.

A number of other analysts have also recently weighed in on GLEN. Analysts at Macquarie reiterated an “outperform” rating on shares of Glencore Xstrata PLC in a research note on Friday. They now have a GBX 390 ($6.56) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Glencore Xstrata PLC in a research note on Monday, May 12th. They now have a GBX 370 ($6.22) price target on the stock. Finally, analysts at Investec cut their price target on shares of Glencore Xstrata PLC from GBX 305 ($5.13) to GBX 302 ($5.08) in a research note on Tuesday, May 6th. They now have a “reduce” rating on the stock. Four 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’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 362.42 ($6.10).

Shares of Glencore Xstrata PLC (LON:GLEN) traded down 0.03% during mid-day trading on Tuesday, hitting GBX 327.50. The stock had a trading volume of 17,376,200 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 318.2 and a 200-day moving average of GBX 319.0.

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.