Glencore PLC Rating Reiterated by Nomura (GLEN)
Glencore PLC (LON:GLEN) traded up 2.36% during mid-day trading on Monday, hitting GBX 373.60. The stock had a trading volume of 25,411,862 shares. Glencore PLC has a 1-year low of GBX 279.50 and a 1-year high of GBX 379.45. The stock’s 50-day moving average is GBX 351.5 and its 200-day moving average is GBX 329.3. The company’s market cap is £49.022 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Glencore PLC in a research note on Friday. They now have a GBX 430 ($7.21) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Glencore PLC in a research note on Thursday. They now have a GBX 430 ($7.21) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Glencore PLC in a research note on Wednesday, August 6th. They now have a GBX 400 ($6.71) price target on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 363.51 ($6.10).
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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