Glencore PLC (GLEN) Rating Reiterated by Shore Capital
Glencore PLC (LON:GLEN)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research report issued on Tuesday.
Several other analysts have also recently weighed in on the stock. Macquarie restated an “outperform” rating and set a GBX 385 ($5.01) price objective on shares of Glencore PLC in a research report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 380 ($4.94) target price on shares of Glencore PLC in a research report on Monday, May 15th. Liberum Capital reiterated a “hold” rating and issued a GBX 285 ($3.71) target price on shares of Glencore PLC in a research report on Wednesday, May 10th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 410 ($5.33) target price on shares of Glencore PLC in a research report on Tuesday, May 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 340 ($4.42) target price on shares of Glencore PLC in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 343.43 ($4.47).
Glencore PLC (LON:GLEN) traded up 0.38% during midday trading on Tuesday, hitting GBX 292.50. 26,784,773 shares of the stock were exchanged. Glencore PLC has a 1-year low of GBX 124.55 and a 1-year high of GBX 347.00. The firm’s market capitalization is GBX 41.68 billion. The firm’s 50-day moving average price is GBX 298.46 and its 200 day moving average price is GBX 302.22.
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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