Glencore PLC Receives Consensus Rating of “Hold” from Analysts (LON:GLEN)
Shares of Glencore PLC (LON:GLEN) have received an average rating of “Hold” from the twenty-two analysts that are covering the stock, Analyst RN reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 365.56 ($6.11).
Shares of Glencore PLC (LON:GLEN) traded down 1.08% during mid-day trading on Tuesday, hitting GBX 360.15. The stock had a trading volume of 8,576,434 shares. Glencore PLC has a 1-year low of GBX 289.85 and a 1-year high of GBX 379.45. The stock’s 50-day moving average is GBX 356.9 and its 200-day moving average is GBX 330.7. The company’s market cap is £47.257 billion.
A number of analysts have recently weighed in on GLEN shares. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore PLC in a research note on Friday. They now have a GBX 400 ($6.69) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Glencore PLC in a research note on Thursday, August 14th. Finally, analysts at Credit Suisse downgraded shares of Glencore PLC to a “neutral” rating in a research note on Thursday, August 14th. They now have a GBX 380 ($6.35) price target on the stock.
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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