Glencore PLC’s (GLEN) Outperform Rating Reiterated at Credit Suisse Group
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a research note issued on Friday.
Several other equities research analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 380 ($4.96) target price on shares of Glencore PLC in a research report on Tuesday, April 18th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 405 ($5.29) target price on shares of Glencore PLC in a research report on Thursday, March 23rd. Barclays PLC reaffirmed an “overweight” rating and set a GBX 390 ($5.09) target price on shares of Glencore PLC in a research report on Monday, March 27th. Deutsche Bank AG decreased their target price on Glencore PLC from GBX 330 ($4.31) to GBX 290 ($3.79) and set a “hold” rating for the company in a research report on Thursday, May 4th. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 385 ($5.03) target price on shares of Glencore PLC in a research report on Monday, June 19th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 341.79 ($4.46).
Glencore PLC (LON:GLEN) opened at 313.55 on Friday. The firm’s market capitalization is GBX 44.68 billion. Glencore PLC has a 12-month low of GBX 171.50 and a 12-month high of GBX 347.00. The firm has a 50 day moving average of GBX 295.59 and a 200 day moving average of GBX 307.18.
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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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