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
Crimea: winter barley areas were in good condition
December 1, 17:30
Russia plans to start grain futures trading in 2017
December 1, 16:20
In November, Russia exported record monthly volumes of grains – Rusagrotrans
December 1, 13:30
Qatar proposed to found the largest export hub for Russian grains in the Gulf region
December 1, 10:40
Crimea: winter wheat areas were in good condition
November 30, 16:55
Russia should increase the exports of agricultural products except for the food security needs – D.Medvedev
November 30, 15:45