Royal Bank of Canada Raises Glencore PLC (GLEN) Price Target to GBX 450
Glencore PLC (LON:GLEN) had its price target lifted by Royal Bank of Canada from GBX 410 ($5.06) to GBX 450 ($5.56) in a report published on Thursday. Royal Bank of Canada currently has an outperform rating on the natural resources company’s stock.
A number of other analysts also recently commented on the stock. Goldman Sachs Group Inc reissued a neutral rating and set a GBX 370 ($4.57) price objective on shares of Glencore PLC in a report on Thursday, January 19th. HSBC Holdings plc reissued a buy rating and set a GBX 440 ($5.43) price objective on shares of Glencore PLC in a report on Tuesday, January 17th. Societe Generale set a GBX 370 ($4.57) price objective on shares of Glencore PLC and gave the stock a buy rating in a report on Tuesday, December 13th. Sanford C. Bernstein reissued an outperform rating and set a GBX 460 ($5.68) price objective on shares of Glencore PLC in a report on Thursday, February 9th. Finally, Jefferies Group LLC boosted their price objective on shares of Glencore PLC from GBX 350 ($4.32) to GBX 380 ($4.69) and gave the stock a buy rating in a report on Friday, January 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Glencore PLC presently has an average rating of Hold and a consensus target price of GBX 344.30 ($4.25).
Glencore PLC (LON:GLEN) opened at 341.45 on Thursday. The stock’s market cap is GBX 48.66 billion. Glencore PLC has a 12 month low of GBX 124.55 and a 12 month high of GBX 347.00. The firm has a 50-day moving average of GBX 324.31 and a 200 day moving average of GBX 273.10.
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The firm also recently disclosed a dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 0.04 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.84%.
Glencore PLC Company Profile
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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