Glencore PLC’s (GLEN) “Buy” Rating Reiterated at Macquarie
Several other equities analysts have also recently weighed in on GLEN. Liberum Capital reaffirmed a hold rating and set a GBX 285 ($3.75) price target on shares of Glencore PLC in a research note on Friday, July 14th. Barclays PLC reaffirmed an overweight rating and set a GBX 400 ($5.26) price target on shares of Glencore PLC in a research note on Friday, July 14th. HSBC Holdings plc decreased their price target on shares of Glencore PLC from GBX 390 ($5.13) to GBX 380 ($5.00) and set a buy rating for the company in a research note on Friday, July 14th. Credit Suisse Group reaffirmed an outperform rating on shares of Glencore PLC in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of Glencore PLC from GBX 350 ($4.60) to GBX 400 ($5.26) and gave the stock a buy rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 382.83 ($5.04).
Shares of Glencore PLC (GLEN) opened at GBX 363 ($4.77) on Monday. Glencore PLC has a fifty-two week low of GBX 245 ($3.22) and a fifty-two week high of GBX 388.25 ($5.11).
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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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