Macquarie Boosts Glencore PLC (GLEN) Price Target to GBX 290
Glencore PLC (LON:GLEN) had its price objective hoisted by equities research analysts at Macquarie from GBX 250 ($3.10) to GBX 290 ($3.59) in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the natural resources company’s stock. Macquarie’s price objective suggests a potential upside of 3.81% from the company’s previous close.
A number of other analysts have also weighed in on GLEN. Independent Research GmbH set a GBX 260 ($3.22) target price on Glencore PLC and gave the company a “neutral” rating in a research note on Tuesday, November 8th. Liberum Capital restated a “sell” rating and issued a GBX 140 ($1.73) target price on shares of Glencore PLC in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.60) target price on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. lifted their price objective on Glencore PLC from GBX 220 ($2.73) to GBX 260 ($3.22) and gave the stock a “neutral” rating in a research report on Monday, November 7th. Finally, Credit Suisse Group AG lowered Glencore PLC to a “neutral” rating and lifted their price objective for the stock from GBX 160 ($1.98) to GBX 200 ($2.48) in a research report on Monday, July 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 201.63 ($2.50).
Shares of Glencore PLC (LON:GLEN) opened at 287.20 on Monday. The stock’s market capitalization is GBX 40.86 billion. The firm’s 50-day moving average is GBX 234.05 and its 200-day moving average is GBX 181.94. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 292.00.
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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