Glencore PLC (GLEN) Stock Rating Reaffirmed by Investec
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reaffirmed by analysts at Investec in a research report issued to clients and investors on Friday. They presently have a GBX 247 ($3.09) price target on the natural resources company’s stock. Investec’s price objective suggests a potential downside of 12.66% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. Jefferies Group upgraded shares of Glencore PLC to a “buy” rating and raised their price target for the stock from GBX 210 ($2.62) to GBX 300 ($3.75) in a research note on Thursday, November 10th. JPMorgan Chase & Co. set a GBX 220 ($2.75) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a research note on Thursday, July 14th. Liberum Capital lowered shares of Glencore PLC to a “sell” rating and raised their price target for the stock from GBX 125 ($1.56) to GBX 140 ($1.75) in a research note on Thursday, July 28th. Canaccord Genuity upgraded shares of Glencore PLC to a “buy” rating and raised their price target for the stock from GBX 200 ($2.50) to GBX 215 ($2.69) in a research note on Friday, July 22nd. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 210 ($2.62) price target on shares of Glencore PLC in a research note on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Glencore PLC presently has an average rating of “Hold” and a consensus target price of GBX 201.63 ($2.52).
Glencore PLC (LON:GLEN) opened at 271.2497 on Friday. The firm’s market capitalization is GBX 38.59 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 236.76 and its 200 day moving average is GBX 183.25.
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.