Glencore PLC Earns Outperform Rating from BMO Capital Markets (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Wednesday. They currently have a GBX 400 ($6.69) target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 11.44% from the stock’s previous close.
A number of other analysts have also recently weighed in on GLEN. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore PLC in a research note on Friday, August 15th. 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 367.20 ($6.14).
Shares of Glencore PLC (LON:GLEN) opened at 359.30 on Wednesday. Glencore PLC has a 1-year low of GBX 289.85 and a 1-year high of GBX 379.45. The stock has a 50-day moving average of GBX 357.0 and a 200-day moving average of GBX 330.9. The company’s market cap is £47.146 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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