Glencore PLC (GLEN) Stock Rating Reaffirmed by Macquarie
Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reiterated by Macquarie in a research note issued on Monday. They presently have a GBX 200 ($2.44) price objective on the natural resources company’s stock. Macquarie’s price target would suggest a potential downside of 13.01% from the stock’s current price.
A number of other brokerages also recently issued reports on GLEN. Jefferies Group boosted their price objective on shares of Glencore PLC from GBX 150 ($1.83) to GBX 160 ($1.95) and gave the company a “hold” rating in a research report on Thursday, July 7th. Goldman Sachs Group Inc. set a GBX 150 ($1.83) target price on shares of Glencore PLC and gave the company a “neutral” rating in a report on Friday, August 26th. Haitong Bank upgraded shares of Glencore PLC to a “buy” rating and boosted their target price for the company from GBX 141 ($1.72) to GBX 194 ($2.36) in a report on Thursday, June 30th. Liberum Capital restated a “sell” rating and set a GBX 140 ($1.71) target price on shares of Glencore PLC in a report on Tuesday, September 20th. Finally, Morgan Stanley set a GBX 138 ($1.68) target price on shares of Glencore PLC and gave the company a “neutral” rating in a report on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 177.61 ($2.16).
Shares of Glencore PLC (LON:GLEN) traded up 0.72% during mid-day trading on Monday, hitting GBX 229.90. 40,290,101 shares of the stock traded hands. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 240.57. The company’s 50-day moving average price is GBX 201.38 and its 200 day moving average price is GBX 169.61. The company’s market capitalization is GBX 32.71 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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