Glencore PLC (GLEN) PT Raised to GBX 210 at Jefferies Group
Glencore PLC (LON:GLEN) had its target price boosted by Jefferies Group from GBX 180 ($2.19) to GBX 210 ($2.56) in a research report issued on Friday. The firm currently has a “hold” rating on the natural resources company’s stock. Jefferies Group’s target price suggests a potential downside of 8.66% from the company’s previous close.
Several other research firms also recently weighed in on GLEN. Goldman Sachs Group Inc. set a GBX 150 ($1.83) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research report on Friday, August 26th. Haitong Bank upgraded shares of Glencore PLC to a “buy” rating and increased their price target for the stock from GBX 141 ($1.72) to GBX 194 ($2.36) in a research report on Thursday, June 30th. Liberum Capital reiterated a “sell” rating and issued a GBX 140 ($1.71) price target on shares of Glencore PLC in a research report on Tuesday, September 20th. Morgan Stanley set a GBX 138 ($1.68) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research report on Wednesday, June 29th. Finally, Credit Suisse Group AG increased their price target on shares of Glencore PLC from GBX 200 ($2.44) to GBX 210 ($2.56) and gave the stock a “neutral” rating in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 177.61 ($2.16).
Glencore PLC (LON:GLEN) opened at 234.70 on Friday. The company has a 50-day moving average of GBX 201.38 and a 200 day moving average of GBX 169.61. Glencore PLC has a 12 month low of GBX 69.26 and a 12 month high of GBX 240.57. The stock’s market capitalization is GBX 33.39 billion.
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.
Receive News & Stock Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related stocks with our FREE daily email newsletter.