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
V.Putin considers illegitimate the economic sanctions against Russia
EU to expand limitations on investing to the economy of Crimea
Russia: no need to regulate grain exports - Ministry of Agriculture
Russia banned conducting of transactions in the Crimea to a number of Ukrainian banks
On November 26, Russia purchased 6.3 thsd tonnes of grains to the intervention fund
November 26, 13:20
Crimea: N.Polyushkin was appointed as the First Deputy Minister of Agriculture
November 26, 11:20