Societe Generale set a GBX 275 ($3.40) price target on Glencore PLC (LON:GLEN) in a report issued on Tuesday. The brokerage currently has a a buy rating on the natural resources company’s stock.

Several other analysts have also recently commented on GLEN. Jefferies Group raised their price target on Glencore PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company a hold rating in a report on Thursday, July 7th. Canaccord Genuity reissued a buy rating and issued a GBX 215 ($2.66) price target on shares of Glencore PLC in a report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 140 ($1.73) price target (up from GBX 90 ($1.11)) on shares of Glencore PLC in a report on Tuesday, June 28th. Macquarie cut Glencore PLC to a neutral rating and set a GBX 200 ($2.48) price target for the company. in a report on Thursday, August 18th. Finally, BNP Paribas reissued an outperform rating and issued a GBX 175 ($2.17) price target on shares of Glencore PLC in a report on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 175.46 ($2.17).

Shares of Glencore PLC (LON:GLEN) traded up 4.26% on Tuesday, reaching GBX 231.35. The company’s stock had a trading volume of 73,938,015 shares. The stock has a 50-day moving average price of GBX 195.86 and a 200-day moving average price of GBX 167.43. The company’s market capitalization is GBX 32.92 billion. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 232.25.

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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