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 harvested 75 mln tonnes of grains
Russia not to to get out of the WTO – S.Lavrov
Russia: harvest volumes to significantly exceed the average annual level – Roshydromet
Russia: Ministry of Agriculture to purchase 4-4.5 mln tonnes of grains to the intervention fund
Russia harvested almost 74 mln tonnes of grains
August 29, 13:19
During 11 months of 2013/14 MY Russia broke the record in refined oils production
August 28, 17:40