Glencore PLC (GLEN) Stock Rating Upgraded by Liberum Capital
Glencore PLC (LON:GLEN) was upgraded by investment analysts at Liberum Capital to a “hold” rating in a note issued to investors on Thursday. The brokerage currently has a GBX 185 ($2.41) price objective on the natural resources company’s stock, up from their prior price objective of GBX 140 ($1.83). Liberum Capital’s target price indicates a potential downside of 6.14% from the stock’s current price.
A number of other analysts also recently weighed in on GLEN. Macquarie restated a “neutral” rating and issued a GBX 200 ($2.61) price target on shares of Glencore PLC in a research note on Tuesday. RBC Capital Markets set a GBX 210 ($2.74) price target on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, September 8th. Citigroup Inc. restated a “neutral” rating on shares of Glencore PLC in a research note on Thursday, September 1st. Credit Suisse Group AG downgraded Glencore PLC to a “neutral” rating and lifted their price target for the company from GBX 160 ($2.09) to GBX 200 ($2.61) in a research note on Monday, July 18th. Finally, Societe Generale lifted their price target on Glencore PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the company a “buy” rating in a research note on Wednesday, September 14th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned 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 172.79 ($2.26).
Glencore PLC (LON:GLEN) opened at 205.405 on Thursday. The stock’s market capitalization is GBX 29.22 billion. The stock’s 50 day moving average price is GBX 187.56 and its 200-day moving average price is GBX 160.92. Glencore PLC has a 12-month low of GBX 66.67 and a 12-month high of GBX 206.40.
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Glencore PLC Company Profile
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.
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