Glencore PLC’s “Outperform” Rating Reaffirmed at Sanford C. Bernstein (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reiterated by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a GBX 400 ($6.71) target price on the stock. Sanford C. Bernstein’s price target points to a potential upside of 10.91% from the stock’s previous close.
A number of other analysts have also recently weighed in on GLEN. Analysts at Barclays reiterated an “overweight” rating on shares of Glencore PLC in a research note on Thursday. Separately, analysts at Credit Suisse downgraded shares of Glencore PLC to a “neutral” rating in a research note on Thursday. They now have a GBX 380 ($6.37) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Glencore PLC in a research note on Thursday. They now have a GBX 400 ($6.71) price target on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 365.56 ($6.13).
Glencore PLC (LON:GLEN) opened at 364.50 on Friday. Glencore PLC has a one year low of GBX 289.85 and a one year high of GBX 379.45. The stock has a 50-day moving average of GBX 354.0 and a 200-day moving average of GBX 330.1. The company’s market cap is £47.828 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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