Glencore PLC (GLEN) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Glencore PLC (LON:GLEN) have earned a consensus rating of “Hold” from the twenty-three ratings firms that are covering the stock. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 342.45 ($4.42).
A number of research firms have issued reports on GLEN. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 340 ($4.39) target price on shares of Glencore PLC in a research report on Monday, May 8th. Goldman Sachs Group Inc set a GBX 370 ($4.78) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research report on Friday, February 3rd. Jefferies Group LLC restated a “buy” rating and set a GBX 380 ($4.91) target price on shares of Glencore PLC in a research report on Monday. Macquarie restated an “outperform” rating and set a GBX 385 ($4.97) target price on shares of Glencore PLC in a research report on Monday. Finally, Citigroup Inc restated a “buy” rating and set a GBX 400 ($5.16) target price on shares of Glencore PLC in a research report on Friday, March 3rd.
Glencore PLC (LON:GLEN) traded up 1.48% during mid-day trading on Friday, hitting GBX 295.30. 30,153,752 shares of the company were exchanged. The stock’s market cap is GBX 42.08 billion. The company has a 50 day moving average of GBX 302.46 and a 200 day moving average of GBX 300.57. Glencore PLC has a 12-month low of GBX 124.55 and a 12-month high of GBX 347.00.
The company also recently announced a dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Thursday, September 7th will be issued a dividend of €0.04 ($0.04) per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 7th.
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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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