Glencore PLC (GLEN) Given a GBX 180 Price Target at Citigroup Inc.
Citigroup Inc. set a GBX 180 ($2.35) price target on Glencore PLC (LON:GLEN) in a report released on Friday morning. The brokerage currently has a a neutral rating on the natural resources company’s stock.
A number of other research analysts have also issued reports on GLEN. Liberum Capital reaffirmed a sell rating and set a GBX 140 ($1.83) target price on shares of Glencore PLC in a report on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.74) target price on Glencore PLC and gave the stock a buy rating in a report on Thursday, September 8th. Macquarie reaffirmed a neutral rating and set a GBX 200 ($2.61) target price on shares of Glencore PLC in a report on Tuesday, September 20th. Credit Suisse Group AG lowered Glencore PLC to a neutral rating and lifted their target price for the stock from GBX 160 ($2.09) to GBX 200 ($2.61) in a report on Monday, July 18th. Finally, Societe Generale lifted their target price on Glencore PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the stock a buy rating in a report on Wednesday, September 14th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Glencore PLC has a consensus rating of Hold and an average target price of GBX 172.61 ($2.25).
Glencore PLC (LON:GLEN) traded up 0.57% on Friday, hitting GBX 213.35. 24,612,799 shares of the stock were exchanged. The company’s 50-day moving average is GBX 191.21 and its 200-day moving average is GBX 164.00. The company’s market cap is GBX 30.35 billion. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 218.25.
About Glencore PLC
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.
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