Credit Suisse Reaffirms Neutral Rating for Glencore PLC (GLEN)
Glencore PLC (LON:GLEN) traded down 0.52% during mid-day trading on Friday, hitting GBX 360.10. 19,521,156 shares of the company’s stock traded hands. Glencore PLC has a 52 week low of GBX 295.80 and a 52 week high of GBX 379.45. The stock’s 50-day moving average is GBX 359.3 and its 200-day moving average is GBX 331.6. The company’s market cap is £47.254 billion.
GLEN has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “buy” rating on shares of Glencore PLC in a research note on Friday. They now have a GBX 405 ($6.77) price target on the stock. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Glencore PLC in a research note on Wednesday. They now have a GBX 400 ($6.69) price target on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 365.86 ($6.12).
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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