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A number of firms have modified their ratings and price targets on shares of Glencore PLC (LON: GLEN) recently:

  • Glencore PLC had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a GBX 400 ($6.64) price target on the stock.
  • Glencore PLC had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a GBX 430 ($7.14) price target on the stock.
  • Glencore PLC had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 400 ($6.64) price target on the stock.
  • Glencore PLC was upgraded by analysts at Investec to an “add” rating. They now have a GBX 380 ($6.31) price target on the stock, up previously from GBX 360 ($5.97).

Shares of Glencore PLC (LON:GLEN) opened at 372.35 on Thursday. Glencore PLC has a 1-year low of GBX 295.80 and a 1-year high of GBX 379.45. The stock’s 50-day moving average is GBX 363.7 and its 200-day moving average is GBX 333.8. The company’s market cap is £48.868 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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