Glencore PLC Stock Rating Reaffirmed by RBC Capital (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Friday. They currently have a GBX 375 ($6.37) target price on the stock. RBC Capital’s price target points to a potential upside of 4.15% from the company’s current price.
Glencore PLC (LON:GLEN) opened at 350.50 on Friday. Glencore PLC has a 1-year low of GBX 268.00 and a 1-year high of GBX 379.45. The stock’s 50-day moving average is GBX 343.6 and its 200-day moving average is GBX 327.. The company’s market cap is £45.991 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Glencore PLC in a research note on Monday. They now have a GBX 360 ($6.11) price target on the stock. Separately, analysts at Jefferies Group upgraded shares of Glencore PLC to a “buy” rating in a research note on Thursday, July 24th. They now have a GBX 430 ($7.30) price target on the stock, up previously from GBX 330 ($5.60). Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore PLC in a research note on Monday, July 21st. They now have a GBX 400 ($6.79) price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Glencore PLC currently has a consensus rating of “Buy” and an average price target of GBX 365.25 ($6.20).
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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