Glencore PLC’s (GLEN) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their neutral rating on shares of Glencore PLC (LON:GLEN) in a report published on Wednesday morning. The brokerage currently has a GBX 260 ($3.25) target price on the natural resources company’s stock.
Several other research firms have also issued reports on GLEN. Macquarie reaffirmed a neutral rating and issued a GBX 200 ($2.50) price target on shares of Glencore PLC in a report on Tuesday, September 20th. BNP Paribas reaffirmed an outperform rating and issued a GBX 220 ($2.75) price target on shares of Glencore PLC in a report on Thursday, October 6th. Canaccord Genuity raised shares of Glencore PLC to a buy rating and lifted their price target for the stock from GBX 200 ($2.50) to GBX 215 ($2.69) in a report on Friday, July 22nd. Jefferies Group reaffirmed a hold rating and issued a GBX 180 ($2.25) price target on shares of Glencore PLC in a report on Tuesday, September 20th. Finally, Societe Generale lifted their price target on shares of Glencore PLC from GBX 230 ($2.87) to GBX 240 ($3.00) and gave the stock a buy rating in a report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 206.44 ($2.58).
Glencore PLC (LON:GLEN) traded up 0.51% during trading on Wednesday, hitting GBX 267.65. The stock had a trading volume of 47,000,228 shares. The firm has a 50 day moving average of GBX 239.12 and a 200-day moving average of GBX 184.75. The stock’s market cap is GBX 4041.08 billion. Glencore PLC has a 12 month low of GBX 69.26 and a 12 month high of GBX 292.00.
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.