Glencore PLC’s (GLEN) “Hold” Rating Reiterated at Liberum Capital
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a report released on Wednesday. They currently have a GBX 285 ($3.71) target price on the natural resources company’s stock. Liberum Capital’s target price would indicate a potential downside of 2.56% from the stock’s previous close.
A number of other equities analysts also recently weighed in on GLEN. AlphaValue reaffirmed an “add” rating and issued a GBX 337 ($4.38) target price on shares of Glencore PLC in a research note on Tuesday, January 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 375 ($4.88) target price on shares of Glencore PLC in a research note on Wednesday, February 1st. S&P Global set a GBX 300 ($3.90) target price on shares of Glencore PLC and gave the stock a “sell” rating in a research note on Thursday, February 2nd. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 380 ($4.94) target price on shares of Glencore PLC in a research note on Thursday, February 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 380 ($4.94) target price on shares of Glencore PLC in a research note on Friday, February 3rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. Glencore PLC presently has a consensus rating of “Hold” and an average target price of GBX 343.43 ($4.47).
Glencore PLC (LON:GLEN) traded up 0.38% on Wednesday, hitting GBX 292.50. 26,784,773 shares of the stock traded hands. Glencore PLC has a 12-month low of GBX 124.55 and a 12-month high of GBX 347.00. The stock has a 50-day moving average price of GBX 298.46 and a 200 day moving average price of GBX 302.22. The stock’s market cap is GBX 41.68 billion.
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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