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
Problems with the supply of Russian wheat to Turkey are not significant yet
Russian exporters to stop grain purchasing operations on the domestic market – NAESP
Russia: Government proposes to exporters to participate in stabilization of the domestic grain market – sources
Russia: as of December 1, grain carry-over stocks totaled 38.6 mln tonnes – Rosstat
December 18, 16:40
Russia: Ministry of Agriculture to hold grain purchasing intervention twice a week
December 18, 14:50
JSC Russian Railways imposed limitations on grain shipment for exports
December 18, 14:40