Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reissued by Macquarie in a research report issued to clients and investors on Monday. They presently have a GBX 200 ($2.48) price objective on the natural resources company’s stock. Macquarie’s price objective suggests a potential downside of 12.38% from the company’s current price.

A number of other equities analysts also recently weighed in on GLEN. 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. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 140 ($1.73) price objective (up from GBX 90 ($1.11)) on shares of Glencore PLC in a research note on Tuesday, June 28th. Morgan Stanley set a GBX 138 ($1.71) price objective on Glencore PLC and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Haitong Bank upgraded Glencore PLC to a “buy” rating and boosted their price objective for the company from GBX 141 ($1.75) to GBX 194 ($2.40) in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a GBX 160 ($1.98) price objective on shares of Glencore PLC in a research note on Thursday, June 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Glencore PLC has an average rating of “Hold” and an average target price of GBX 177.61 ($2.20).

Analyst Recommendations for Glencore PLC (LON:GLEN)

Shares of Glencore PLC (LON:GLEN) opened at 231.65 on Monday. The stock has a 50 day moving average of GBX 199.56 and a 200-day moving average of GBX 168.76. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 240.57. The firm’s market capitalization is GBX 32.96 billion.

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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