Glencore PLC’s (GLEN) “Outperform” Rating Reaffirmed at BNP Paribas
BNP Paribas reaffirmed their outperform rating on shares of Glencore PLC (LON:GLEN) in a report published on Thursday. The firm currently has a GBX 220 ($2.87) price objective on the natural resources company’s stock.
Several other equities research analysts also recently issued reports on GLEN. Liberum Capital reiterated a sell rating and issued a GBX 140 ($1.83) target price on shares of Glencore PLC in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.74) target price on shares of Glencore PLC and gave the company a buy rating in a research note on Thursday, September 8th. Macquarie reiterated a neutral rating and issued a GBX 200 ($2.61) target price on shares of Glencore PLC in a research note on Tuesday, September 20th. Citigroup Inc. reiterated a neutral rating on shares of Glencore PLC in a research note on Thursday, September 1st. Finally, Credit Suisse Group AG downgraded shares of Glencore PLC to a neutral rating and raised their price objective for the stock from GBX 160 ($2.09) to GBX 200 ($2.61) in a research report on Monday, July 18th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 174.21 ($2.27).
Glencore PLC (LON:GLEN) traded up 4.27% during midday trading on Thursday, reaching GBX 223.60. The company had a trading volume of 65,857,040 shares. The stock’s 50 day moving average is GBX 193.49 and its 200 day moving average is GBX 165.79. The company’s market capitalization is GBX 31.81 billion. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 225.45.
Glencore PLC Company Profile
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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