Glencore PLC (GLEN) PT Raised to GBX 210
Glencore PLC (LON:GLEN) had its target price boosted by analysts at Jefferies Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the natural resources company’s stock. Jefferies Group’s price objective would indicate a potential downside of 9.03% from the stock’s previous close.
Several other analysts have also commented on the company. Societe Generale set a GBX 275 ($3.40) price objective on Glencore PLC and gave the company a “buy” rating in a report on Tuesday. BNP Paribas reiterated an “outperform” rating and set a GBX 220 ($2.72) price objective on shares of Glencore PLC in a report on Thursday, October 6th. Citigroup Inc. set a GBX 180 ($2.23) price objective on Glencore PLC and gave the company a “neutral” rating in a report on Friday, September 30th. Canaccord Genuity lowered Glencore PLC to a “hold” rating and increased their price objective for the company from GBX 215 ($2.66) to GBX 220 ($2.72) in a report on Tuesday, September 27th. Finally, Liberum Capital upgraded Glencore PLC to a “hold” rating and increased their price objective for the company from GBX 140 ($1.73) to GBX 185 ($2.29) in a report on Thursday, September 22nd. 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 stock presently has an average rating of “Hold” and a consensus price target of GBX 176.54 ($2.18).
Glencore PLC (LON:GLEN) opened at 233.65 on Friday. The stock’s market capitalization is GBX 33.24 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 240.57. The company’s 50-day moving average price is GBX 198.74 and its 200 day moving average price is GBX 168.24.
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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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