Goldman Sachs Group Inc. Reiterates Neutral Rating for Glencore PLC (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group Inc. in a report issued on Wednesday. They currently have a GBX 280 ($3.50) price target on the natural resources company’s stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 4.71% from the company’s previous close.
GLEN has been the topic of several other research reports. Independent Research GmbH set a GBX 260 ($3.25) price target on shares of Glencore PLC and gave the company a “neutral” rating in a report on Tuesday, November 8th. Liberum Capital reiterated a “sell” rating and issued a GBX 140 ($1.75) price target on shares of Glencore PLC in a report on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.62) price target on shares of Glencore PLC and gave the company a “buy” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. lifted their price target on shares of Glencore PLC from GBX 220 ($2.75) to GBX 260 ($3.25) and gave the company a “neutral” rating in a report on Monday, November 7th. Finally, Macquarie reiterated a “neutral” rating and issued a GBX 200 ($2.50) price target on shares of Glencore PLC in a report on Tuesday, September 20th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 206.44 ($2.58).
Glencore PLC (LON:GLEN) traded up 0.56% during mid-day trading on Wednesday, hitting GBX 268.90. 38,108,348 shares of the stock traded hands. The firm’s 50-day moving average is GBX 237.59 and its 200 day moving average is GBX 184.02. The firm’s market cap is GBX 38.26 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week 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.
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.