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 to reach the forecasted grain harvest volumes, despite the drought — Ministry of Agriculture
Russia harvested over 32 mln tonnes of grains – Ministry of Agriculture
In the fourth week of July, Russia increased grain exports from the seaports
July 27, 14:10
Russia exported over 1.2 mln tonnes of grains - Ministry of Agriculture
July 27, 12:20
No hazards for the supply of Russian wheat to China - Vice Prime Minister
July 27, 10:30
Russia: in 2015/16 MY, rapeseed production to reach 1.3 mln tonnes - APK-Inform
July 24, 14:05
Imposition of the import duties on wheat and barley by Iran not to reduce the share of Russian grains on the market
July 24, 13:20