HSBC Holdings plc Reiterates “Buy” Rating for Glencore PLC (GLEN)
HSBC Holdings plc reiterated their buy rating on shares of Glencore PLC (LON:GLEN) in a research report report published on Wednesday morning. The firm currently has a GBX 435 ($5.37) price objective on the natural resources company’s stock.
A number of other analysts have also commented on GLEN. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 260 ($3.21) price objective on shares of Glencore PLC in a research note on Wednesday, November 16th. Goldman Sachs Group Inc reaffirmed a neutral rating and set a GBX 280 ($3.46) price objective on shares of Glencore PLC in a research note on Wednesday, November 16th. Canaccord Genuity upped their price objective on shares of Glencore PLC from GBX 220 ($2.72) to GBX 250 ($3.09) and gave the company a hold rating in a research note on Tuesday, November 22nd. Liberum Capital reaffirmed a hold rating and set a GBX 250 ($3.09) price objective on shares of Glencore PLC in a research note on Friday, November 25th. Finally, BNP Paribas reaffirmed an outperform rating and set a GBX 338 ($4.17) price objective on shares of Glencore PLC in a research note on Thursday, December 1st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 344.30 ($4.25).
Glencore PLC (LON:GLEN) opened at 340.80 on Wednesday. The stock has a 50 day moving average of GBX 324.31 and a 200 day moving average of GBX 273.10. Glencore PLC has a 52 week low of GBX 124.55 and a 52 week high of GBX 347.00. The stock’s market capitalization is GBX 48.57 billion.
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The business also recently disclosed a dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Thursday, September 7th will be paid a GBX 0.04 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.84%.
Glencore PLC Company Profile
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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