Analysts Set Glencore PLC (GLEN) PT at $176.65
Glencore PLC (LON:GLEN) has been given an average recommendation of “Hold” by the twenty-nine brokerages that are currently covering the firm. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 176.65 ($2.19).
Several research analysts have recently issued reports on the stock. Macquarie restated a “neutral” rating and issued a GBX 200 ($2.48) target price on shares of Glencore PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Glencore PLC in a report on Thursday, August 25th. BNP Paribas restated an “outperform” rating and issued a GBX 220 ($2.72) target price on shares of Glencore PLC in a report on Thursday, October 6th. Canaccord Genuity upgraded shares of Glencore PLC to a “buy” rating and upped their target price for the company from GBX 200 ($2.48) to GBX 215 ($2.66) in a report on Friday, July 22nd. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 180 ($2.23) price target on shares of Glencore PLC in a research note on Tuesday, September 20th.
Shares of Glencore PLC (LON:GLEN) opened at 230.40 on Friday. Glencore PLC has a 12 month low of GBX 69.26 and a 12 month high of GBX 240.57. The firm’s market cap is GBX 32.78 billion. The stock has a 50 day moving average of GBX 199.56 and a 200 day moving average of GBX 168.76.
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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