Glencore PLC (GLEN) PT Raised to GBX 300
Glencore PLC (LON:GLEN) had its price objective raised by investment analysts at Credit Suisse Group AG from GBX 250 ($3.10) to GBX 300 ($3.72) in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group AG’s price target would indicate a potential upside of 7.39% from the company’s current price.
Several other equities analysts have also commented on GLEN. Citigroup Inc. set a GBX 190 ($2.35) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. JPMorgan Chase & Co. set a GBX 220 ($2.73) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research report on Thursday, July 14th. Morgan Stanley set a GBX 138 ($1.71) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research report on Thursday, July 14th. Jefferies Group restated a “hold” rating on shares of Glencore PLC in a research report on Friday, July 15th. Finally, Investec upped their price target on shares of Glencore PLC from GBX 111 ($1.37) to GBX 133 ($1.65) and gave the stock a “sell” rating in a research report on Tuesday, July 19th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Glencore PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 198.30 ($2.46).
Glencore PLC (LON:GLEN) opened at 278.3547 on Thursday. The stock’s market capitalization is GBX 39.60 billion. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 292.00. The firm’s 50-day moving average is GBX 234.05 and its 200 day moving average is GBX 181.94.
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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