Glencore PLC Stock Rating Reaffirmed by Jefferies Group (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Friday. They currently have a GBX 330 ($5.60) target price on the stock. Jefferies Group’s price target indicates a potential upside of 1.41% from the company’s current price.
GLEN has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore PLC in a research note on Thursday. They now have a GBX 400 ($6.79) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Glencore PLC in a research note on Tuesday. They now have a GBX 385 ($6.54) price target on the stock. Finally, analysts at Investec upgraded shares of Glencore PLC to a “hold” rating in a research note on Monday. They now have a GBX 319 ($5.42) price target on the stock, up previously from GBX 302 ($5.13). Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 361.25 ($6.13).
Shares of Glencore PLC (LON:GLEN) opened at 326.05 on Friday. Glencore PLC has a 52-week low of GBX 256.05 and a 52-week high of GBX 348.05. The stock’s 50-day moving average is GBX 324.9 and its 200-day moving average is GBX 319.. The company’s market cap is £42.783 billion.
Glencore PLC, formerly Glencore Xstrata Plc, is a diversified natural resource company. The Company operates in three segments: Metals and Minerals, which includes copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore; Energy Products, which includes controlled and non-controlled coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities, and Agricultural Products, which focuses on grains, oils/oilseeds, cotton and sugar.
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