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”.
You should be authorized to post comment
Russia: current rice deficit totals nearly 80 thsd tonnes - Southern rice union
Russia: low rates of grain exports to break the planting campaign terms – A.Zlochevsky
February 23, 17:00
In January 2017, Russia increased agricultural production - Rosstat
February 22, 16:00
Crimea to increase production of milling wheat
February 22, 10:05
Russia has sufficient volumes of high-quality flour for bread production – Ministry of Agriculture
February 21, 17:00
Russia: in the third week of February, Krasnodar Krai seaports increased foreign shipments of grains
February 21, 13:40