Glencore PLC (LON:GLEN) Given “Outperform” Rating at Credit Suisse Group
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a report issued on Tuesday, June 27th. They currently have a GBX 390 ($5.05) price target on the natural resources company’s stock. Credit Suisse Group’s price target points to a potential upside of 23.38% from the company’s current price.
A number of other equities research analysts have also recently commented on GLEN. BNP Paribas set a GBX 405 ($5.25) price target on shares of Glencore PLC and gave the stock a “buy” rating in a report on Tuesday, February 28th. Barclays PLC restated an “overweight” rating and issued a GBX 390 ($5.05) price target on shares of Glencore PLC in a report on Wednesday, March 1st. Citigroup Inc. restated a “buy” rating and issued a GBX 400 ($5.18) price target on shares of Glencore PLC in a report on Friday, March 3rd. Societe Generale restated a “buy” rating on shares of Glencore PLC in a report on Monday, March 6th. Finally, J P Morgan Chase & Co upgraded shares of Glencore PLC to a “neutral” rating and raised their price target for the stock from GBX 260 ($3.37) to GBX 330 ($4.27) in a report on Tuesday, March 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. Glencore PLC has a consensus rating of “Hold” and an average price target of GBX 341.79 ($4.43).
Glencore PLC (GLEN) traded up 0.49% during midday trading on Tuesday, reaching GBX 316.10. 17,242,487 shares of the company traded hands. The stock’s market capitalization is GBX 45.05 billion. Glencore PLC has a 12-month low of GBX 167.10 and a 12-month high of GBX 347.00. The company has a 50 day moving average of GBX 287.90 and a 200-day moving average of GBX 303.41.
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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