Glencore PLC (GLEN) Given a GBX 250 Price Target at Credit Suisse Group AG
Glencore PLC (LON:GLEN) has been given a GBX 250 ($3.09) target price by analysts at Credit Suisse Group AG in a note issued to investors on Friday. The brokerage currently has a a “buy” rating on the natural resources company’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 8.30% from the company’s current price.
A number of other equities analysts also recently commented on GLEN. Liberum Capital restated a “sell” rating and set a GBX 140 ($1.73) price objective on shares of Glencore PLC in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.60) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, September 8th. Macquarie restated a “neutral” rating and set a GBX 200 ($2.48) price objective on shares of Glencore PLC in a research note on Tuesday, September 20th. Citigroup Inc. restated a “neutral” rating on shares of Glencore PLC in a research note on Thursday, September 1st. Finally, Societe Generale increased their price objective on shares of Glencore PLC from GBX 230 ($2.85) to GBX 240 ($2.97) and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 177.61 ($2.20).
Glencore PLC (LON:GLEN) opened at 232.30 on Friday. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 240.57. The company’s market capitalization is GBX 33.05 billion. The firm’s 50-day moving average price is GBX 198.74 and its 200 day moving average price is GBX 168.24.
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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