Brokerages Set Glencore PLC (GLEN) Target Price at GBX 208.23
Glencore PLC (LON:GLEN) has received a consensus rating of “Hold” from the twenty-eight analysts that are presently covering the stock. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 208.23 ($2.60).
A number of equities research analysts have recently commented on the stock. Macquarie reaffirmed a “neutral” rating and issued a GBX 200 ($2.50) price objective on shares of Glencore PLC in a research note on Tuesday, September 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Glencore PLC in a research note on Thursday, August 25th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 220 ($2.75) price objective on shares of Glencore PLC in a research note on Thursday, October 6th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 180 ($2.25) price objective on shares of Glencore PLC in a research note on Tuesday, September 20th. Finally, Societe Generale upped their price objective on shares of Glencore PLC from GBX 230 ($2.87) to GBX 240 ($3.00) and gave the company a “buy” rating in a research note on Wednesday, September 14th.
Glencore PLC (LON:GLEN) opened at 261.9000 on Friday. The company has a 50-day moving average of GBX 242.87 and a 200-day moving average of GBX 186.02. The company’s market cap is GBX 37.26 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week 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.
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