Glencore PLC (LON:GLEN) Given Buy Rating at Goldman Sachs Group, Inc. (The)
Glencore PLC (LON:GLEN)‘s stock had its “buy” rating reaffirmed by equities researchers at Goldman Sachs Group, Inc. (The) in a report released on Monday. They currently have a GBX 350 ($4.57) price target on the natural resources company’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 11.87% from the company’s current price.
Other research analysts have also issued reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 380 ($4.96) price target on shares of Glencore PLC in a research note on Wednesday, May 24th. UBS AG set a GBX 390 ($5.09) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Monday, June 12th. Liberum Capital reiterated a “hold” rating and issued a GBX 285 ($3.72) price target on shares of Glencore PLC in a research note on Friday, July 14th. Shore Capital reiterated a “buy” rating on shares of Glencore PLC in a research note on Tuesday, May 23rd. Finally, HSBC Holdings plc decreased their price target on shares of Glencore PLC from GBX 390 ($5.09) to GBX 380 ($4.96) and set a “buy” rating for the company in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Glencore PLC has an average rating of “Hold” and an average target price of GBX 341.79 ($4.46).
Glencore PLC (LON:GLEN) traded down 0.32% during midday trading on Monday, hitting GBX 312.55. 14,505,425 shares of the stock traded hands. The stock’s 50-day moving average price is GBX 295.59 and its 200-day moving average price is GBX 307.18. The stock’s market capitalization is GBX 44.54 billion. Glencore PLC has a 52 week low of GBX 167.10 and a 52 week 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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