Glencore PLC (GLEN) PT Raised to GBX 210
Glencore PLC (LON:GLEN) had its price target increased by analysts at Jefferies Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a research note issued on Friday. The firm currently has a “hold” rating on the natural resources company’s stock. Jefferies Group’s price target would indicate a potential downside of 9.03% from the company’s previous close.
GLEN has been the subject of a number of other reports. Societe Generale set a GBX 275 ($3.40) price target on 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 Glencore PLC and gave the company a “neutral” rating in a report on Friday, August 26th. RBC Capital Markets set a GBX 210 ($2.60) target price on Glencore PLC and gave the company a “buy” rating in a report on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.23) target price on Glencore PLC and gave the company a “neutral” rating in a report on Friday, September 30th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 200 ($2.48) target price on shares of Glencore PLC in a report on Monday, September 5th. 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 company’s stock. Glencore PLC currently has an average rating of “Hold” and an average target price of GBX 176.54 ($2.18).
Glencore PLC (LON:GLEN) opened at 233.35 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 stock’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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