Xstrata Given Buy Rating at Bank of America (XTA)
Xstrata (LON: XTA)‘s stock had its “buy” rating reiterated by investment analysts at Bank of America in a note issued to investors on Wednesday. They currently have a $20.64 (1373 GBX) target price on the stock.
Shares of Xstrata opened at 1174.00 on Wednesday. Xstrata has a one year low of GBX 767.70 and a one year high of GBX 1206.50. The stock’s 50-day moving average is currently GBX 985.. The company’s market cap is £34.682 billion.
A number of other analysts have also recently weighed in on XTA. Analysts at Societe Generale reiterated a “hold” rating on shares of Xstrata in a research note to investors on Monday. They now have a $17.89 price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Xstrata in a research note to investors on Wednesday, February 27th. They now have a $15.92 price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Xstrata in a research note to investors on Tuesday, February 26th. They now have a $15.92 price target on the stock.
Xstrata plc is a diversified mining company. The Company’s business is organized into five global commodity businesses.
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