Glencore PLC (GLEN) Given a GBX 250 Price Target at Credit Suisse Group AG
Glencore PLC (LON:GLEN) received a GBX 250 ($3.09) target price from equities research analysts at Credit Suisse Group AG in a note issued to investors on Friday. The brokerage currently has a a “buy” rating on the natural resources company’s stock. Credit Suisse Group AG’s target price would suggest a potential upside of 8.30% from the stock’s current price.
Several other research analysts have also recently commented on the stock. Societe Generale set a GBX 275 ($3.40) target price on shares of Glencore PLC and gave the stock a “buy” rating in a report on Tuesday. Goldman Sachs Group Inc. set a GBX 150 ($1.86) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research report on Friday, August 26th. RBC Capital Markets set a GBX 210 ($2.60) target price on shares of Glencore PLC and gave the company a “buy” rating in a research report on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.23) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research report on Friday, September 30th. Finally, Jefferies Group cut their target price on shares of Glencore PLC from GBX 200 ($2.48) to GBX 180 ($2.23) and set a “hold” rating on the stock in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 177.61 ($2.20).
Shares of Glencore PLC (LON:GLEN) opened at 232.30 on Friday. The firm’s 50-day moving average price is GBX 198.74 and its 200-day moving average price is GBX 168.24. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 240.57. The firm’s market capitalization is GBX 33.05 billion.
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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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