Agrinews

April 25, 08:25 Source: APK-Inform Views: 666

Deutsche Bank increased the funds value of the Russian mineral fertilizers' producers

On April 24, 2014 the Deutsche Bank increased the global depository receipts (GDR) forecast value of the major Russian mineral fertilizers producers – «Uralkali» and «Phosagro».

Thus, the target price for Uralkali's GDR was increased by 20% - to 12 USD as opposed to 10 USD, but the stated rate can face the decrease of 46% of the current quote level. The reference was confirmed at the level of “sell”.

The Phosagro's GDR value was increased by 42% - to 17 USD as opposed to 12 USD, being the quote expected increase of 47%. The Reference on the Phosagro's securities improved up to the level of “sell” as opposed to the previous one “hold”.

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