Glencore PLC’s (GLEN) Outperform Rating Reiterated at Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of Glencore PLC (LON:GLEN) in a report published on Wednesday morning, MarketBeat reports. They currently have a GBX 445 ($5.85) price objective on the natural resources company’s stock.
Several other research firms have also recently commented on GLEN. Barclays PLC boosted their price target on Glencore PLC from GBX 400 ($5.26) to GBX 430 ($5.66) and gave the stock an overweight rating in a research note on Tuesday, October 24th. Macquarie reissued a buy rating on shares of Glencore PLC in a report on Monday, November 6th. Liberum Capital lowered Glencore PLC to a sell rating and boosted their price objective for the company from GBX 285 ($3.75) to GBX 300 ($3.95) in a report on Thursday, October 26th. Goldman Sachs Group, Inc. (The) set a GBX 400 ($5.26) price objective on Glencore PLC and gave the company a buy rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 310 ($4.08) price objective on shares of Glencore PLC in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. Glencore PLC currently has a consensus rating of Buy and an average price target of GBX 382.83 ($5.04).
Glencore PLC (LON GLEN) opened at GBX 353.45 ($4.65) on Wednesday. Glencore PLC has a one year low of GBX 258.45 ($3.40) and a one year high of GBX 388.25 ($5.11).
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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