Glencore PLC (GLEN) Stock Rating Reaffirmed by Liberum Capital
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a research report issued on Friday. They presently have a GBX 285 ($3.69) price objective on the natural resources company’s stock. Liberum Capital’s price objective would suggest a potential downside of 9.84% from the stock’s current price.
GLEN has been the subject of several other research reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 380 ($4.92) price objective on shares of Glencore PLC in a research note on Wednesday, May 24th. UBS AG set a GBX 390 ($5.05) price objective on shares of Glencore PLC and gave the company a “buy” rating in a research note on Monday, June 12th. Shore Capital reissued a “buy” rating on shares of Glencore PLC in a research note on Tuesday, May 23rd. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 340 ($4.40) price objective on shares of Glencore PLC in a research note on Monday, May 8th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Glencore PLC in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Glencore PLC has an average rating of “Hold” and a consensus price target of GBX 341.79 ($4.43).
Shares of Glencore PLC (GLEN) traded up 0.49% during mid-day trading on Friday, hitting GBX 316.10. 17,242,487 shares of the company were exchanged. Glencore PLC has a 12-month low of GBX 149.95 and a 12-month high of GBX 347.00. The firm’s market capitalization is GBX 45.05 billion. The company’s 50-day moving average price is GBX 287.90 and its 200-day moving average price is GBX 303.41.
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About Glencore PLC
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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