Glencore PLC (GLEN) Given a GBX 275 Price Target by Societe Generale Analysts
Glencore PLC (LON:GLEN) received a GBX 275 ($3.40) target price from equities researchers at Societe Generale in a report released on Tuesday. The brokerage presently has a a “buy” rating on the natural resources company’s stock. Societe Generale’s target price suggests a potential upside of 20.61% from the company’s current price.
A number of other research analysts also recently issued reports on GLEN. Liberum Capital reiterated a “sell” rating and set a GBX 140 ($1.73) price objective on shares of Glencore PLC in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.60) price objective on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, September 8th. Macquarie reiterated a “neutral” rating and set a GBX 200 ($2.48) price objective on shares of Glencore PLC in a research note on Tuesday, September 20th. Citigroup Inc. reiterated a “neutral” rating on shares of Glencore PLC in a research note on Thursday, September 1st. Finally, Credit Suisse Group AG downgraded Glencore PLC to a “neutral” rating and boosted their price objective for the company from GBX 160 ($1.98) to GBX 200 ($2.48) in a research note on Monday, July 18th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 175.46 ($2.17).
Glencore PLC (LON:GLEN) opened at 227.45 on Tuesday. The company’s market cap is GBX 32.36 billion. The stock has a 50 day moving average of GBX 195.13 and a 200 day moving average of GBX 166.94. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 230.60.
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About Glencore PLC
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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