Glencore PLC (GLEN) Given a GBX 250 Price Target by Credit Suisse Group AG Analysts
Glencore PLC (LON:GLEN) has been given a GBX 250 ($3.09) price objective by research analysts at Credit Suisse Group AG in a research report issued on Friday. The firm presently has a a “buy” rating on the natural resources company’s stock. Credit Suisse Group AG’s price objective suggests a potential upside of 8.30% from the company’s previous close.
Several other equities analysts also recently issued reports on the stock. Jefferies Group upped their price objective on shares of Glencore PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company a “hold” rating in a research note on Thursday, July 7th. Goldman Sachs Group Inc. set a GBX 150 ($1.86) price objective on shares of Glencore PLC and gave the company a “neutral” rating in a research note on Friday, August 26th. Haitong Bank upgraded shares of Glencore PLC to a “buy” rating and upped their price objective for the company from GBX 141 ($1.75) to GBX 194 ($2.40) in a research note on Thursday, June 30th. Liberum Capital restated a “sell” rating and issued a GBX 140 ($1.73) price objective on shares of Glencore PLC in a research note on Tuesday, September 20th. Finally, Morgan Stanley set a GBX 138 ($1.71) price objective on shares of Glencore PLC and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 177.61 ($2.20).
Shares of Glencore PLC (LON:GLEN) opened at 233.35 on Friday. Glencore PLC has a 12 month low of GBX 69.26 and a 12 month high of GBX 240.57. The firm’s 50-day moving average price is GBX 198.74 and its 200 day moving average price is GBX 168.24. The company’s market cap is GBX 33.20 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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