Barclays PLC Reaffirms Overweight Rating for Glencore PLC (LON:GLEN)
Barclays PLC reissued their overweight rating on shares of Glencore PLC (LON:GLEN) in a report published on Friday. The brokerage currently has a GBX 400 ($5.22) price target on the natural resources company’s stock.
Several other research firms have also issued reports on GLEN. BNP Paribas restated an outperform rating and set a GBX 405 ($5.29) target price on shares of Glencore PLC in a research report on Thursday, March 23rd. Jefferies Group LLC restated a buy rating and set a GBX 380 ($4.96) target price on shares of Glencore PLC in a research report on Wednesday, May 24th. Deutsche Bank AG decreased their target price on Glencore PLC from GBX 330 ($4.31) to GBX 290 ($3.79) and set a hold rating for the company in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) decreased their target price on Glencore PLC from GBX 360 ($4.70) to GBX 350 ($4.57) and set a buy rating for the company in a research report on Wednesday, July 5th. Finally, Investec reiterated a buy rating and set a GBX 356 ($4.65) price objective on shares of Glencore PLC in a report on Monday, June 26th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 341.79 ($4.46).
Shares of Glencore PLC (GLEN) traded up 0.14% during midday trading on Friday, reaching GBX 321.25. 22,306,909 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 287.90 and a 200-day moving average of GBX 303.41. Glencore PLC has a 1-year low of GBX 167.10 and a 1-year high of GBX 347.00. The company’s market capitalization is GBX 45.78 billion.
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About Glencore PLC
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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