Glencore PLC (GLEN) PT Set at GBX 275 by Societe Generale
Glencore PLC (LON:GLEN) has been given a GBX 275 ($3.40) target price by investment analysts at Societe Generale in a research report issued on Tuesday. The brokerage presently has a a “buy” rating on the natural resources company’s stock. Societe Generale’s price target indicates a potential upside of 20.61% from the stock’s current price.
Several other research analysts have also recently weighed in on GLEN. Liberum Capital reaffirmed a “sell” rating and issued a GBX 140 ($1.73) price target on shares of Glencore PLC in a report on Wednesday, August 24th. RBC Capital Markets set a GBX 210 ($2.60) price target on shares of Glencore PLC and gave the stock a “buy” rating in a report on Thursday, September 8th. Macquarie reaffirmed a “neutral” rating and issued a GBX 200 ($2.48) price target on shares of Glencore PLC in a report on Tuesday, September 20th. Citigroup Inc. reaffirmed a “neutral” rating on shares of Glencore PLC in a report on Thursday, September 1st. Finally, Credit Suisse Group AG cut shares of Glencore PLC to a “neutral” rating and upped their price target for the stock from GBX 160 ($1.98) to GBX 200 ($2.48) in a report on Monday, July 18th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 175.46 ($2.17).
Glencore PLC (LON:GLEN) opened at 227.80 on Tuesday. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 230.60. The company’s market capitalization is GBX 32.41 billion. The stock has a 50 day moving average price of GBX 195.13 and a 200 day moving average price of GBX 166.94.
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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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