Glencore PLC (GLEN) Given a GBX 360 Price Target by Goldman Sachs Group Inc Analysts
Glencore PLC (LON:GLEN) has been given a GBX 360 ($4.68) target price by Goldman Sachs Group Inc in a report issued on Thursday. The brokerage presently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group Inc’s price objective points to a potential upside of 23.39% from the stock’s current price.
GLEN has been the topic of several other reports. HSBC Holdings plc boosted their price target on Glencore PLC from GBX 420 ($5.46) to GBX 435 ($5.66) and gave the company a “buy” rating in a research note on Wednesday, February 15th. Barclays PLC reissued an “overweight” rating and issued a GBX 390 ($5.07) price target on shares of Glencore PLC in a research note on Tuesday, February 7th. BNP Paribas reissued an “outperform” rating and issued a GBX 405 ($5.27) price target on shares of Glencore PLC in a research note on Wednesday, March 29th. Macquarie reissued an “outperform” rating and issued a GBX 385 ($5.01) price target on shares of Glencore PLC in a research note on Monday, May 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 340 ($4.42) price target on shares of Glencore PLC in a research note on Wednesday. Four analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. Glencore PLC has an average rating of “Hold” and a consensus target price of GBX 343.43 ($4.47).
Shares of Glencore PLC (LON:GLEN) opened at 291.15 on Thursday. The firm’s market capitalization is GBX 41.49 billion. The firm’s 50-day moving average is GBX 300.12 and its 200 day moving average is GBX 302.37. Glencore PLC has a one year low of GBX 124.55 and a one year high of GBX 347.00.
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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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