Glencore PLC Given Outperform Rating at Sanford C. Bernstein (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday. They currently have a GBX 400 ($6.62) target price on the stock. Sanford C. Bernstein’s target price points to a potential upside of 11.08% from the stock’s previous close.
A number of other analysts have also recently weighed in 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 ($6.70) price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 365.86 ($6.05).
Shares of Glencore PLC (LON:GLEN) opened at 360.305 on Tuesday. Glencore PLC has a 52-week low of GBX 295.80 and a 52-week high of GBX 379.45. The stock has a 50-day moving average of GBX 360. and a 200-day moving average of GBX 332.2. The company’s market cap is £47.287 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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