Glencore PLC Given Average Recommendation of “Hold” by Brokerages (LON:GLEN)
Glencore PLC (LON:GLEN) has received an average recommendation of “Hold” from the twenty-three analysts that are covering the company, AnalystRatings.Net reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 365.86 ($6.12).
A number of research firms have recently commented on GLEN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Glencore PLC in a research note on Friday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Glencore PLC in a research note on Friday. Finally, 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.
Glencore PLC (LON:GLEN) opened at 360.10 on Tuesday. 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.
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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