UBS set a GBX 380 ($5.11) price target on Glencore (LON:GLEN) in a report published on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the natural resources company’s stock.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank raised shares of Glencore to a buy rating and raised their price target for the company from GBX 300 ($4.04) to GBX 420 ($5.65) in a research report on Monday, September 25th. set a GBX 390 ($5.25) price target on shares of Glencore and gave the company a buy rating in a research report on Thursday, August 31st. Jefferies Group raised their price target on shares of Glencore from GBX 400 ($5.38) to GBX 450 ($6.06) and gave the company a buy rating in a research report on Thursday, August 31st. Citigroup reissued a buy rating on shares of Glencore in a research report on Wednesday, August 23rd. Finally, BNP Paribas set a GBX 440 ($5.92) price target on shares of Glencore and gave the company a buy rating in a research report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of GBX 396.43 ($5.34).

Shares of Glencore (GLEN) opened at GBX 362.75 ($4.88) on Wednesday. Glencore has a 1 year low of GBX 260.50 ($3.51) and a 1 year high of GBX 388.25 ($5.23).

COPYRIGHT VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/17/ubs-reiterates-gbx-380-price-target-for-glencore-glen.html.

About Glencore

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.

Analyst Recommendations for Glencore (LON:GLEN)

Receive News & Stock Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related stocks with our FREE daily email newsletter.