Glencore PLC Receives Consensus Recommendation of “Buy” from Analysts (LON:GLEN)
Shares of Glencore PLC (LON:GLEN) have received a consensus rating of “Buy” from the twenty-two analysts that are covering the stock, American Banking & Market News reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 360.25 ($6.18).
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Glencore PLC in a research note on Thursday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Glencore PLC in a research note on Monday, July 7th. They now have a GBX 390 ($6.69) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Glencore PLC in a research note on Friday, July 4th. They now have a GBX 380 ($6.52) price target on the stock.
Shares of Glencore PLC (LON:GLEN) opened at 343.30 on Tuesday. Glencore PLC has a 52 week low of GBX 259.55 and a 52 week high of GBX 348.05. The stock has a 50-day moving average of GBX 329.4 and a 200-day moving average of GBX 322.. The company’s market cap is £45.047 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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