UBS AG Reiterates GBX 350 Price Target for Glencore PLC (GLEN)
Glencore PLC (LON:GLEN) has been given a GBX 350 ($4.56) price target by stock analysts at UBS AG in a research report issued to clients and investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the natural resources company’s stock. UBS AG’s target price points to a potential upside of 6.17% from the company’s previous close.
GLEN has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 365 ($4.76) price target (down previously from GBX 390 ($5.08)) on shares of Glencore PLC in a research report on Tuesday, April 25th. Macquarie raised shares of Glencore PLC to an “outperform” rating and set a GBX 385 ($5.02) price target for the company in a research report on Monday, May 8th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 410 ($5.34) price target on shares of Glencore PLC in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 380 ($4.95) price target on shares of Glencore PLC in a research report on Tuesday, April 18th. Finally, Barclays PLC upped their price target on shares of Glencore PLC from GBX 390 ($5.08) to GBX 400 ($5.21) and gave the stock an “overweight” rating in a research report on Friday, April 21st. Four 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. Glencore PLC currently has a consensus rating of “Hold” and an average target price of GBX 341.79 ($4.45).
Shares of Glencore PLC (LON:GLEN) opened at 331.75 on Thursday. The company’s market capitalization is GBX 47.28 billion. Glencore PLC has a 12 month low of GBX 167.10 and a 12 month high of GBX 347.00. The company has a 50-day moving average price of GBX 299.19 and a 200-day moving average price of GBX 307.88.
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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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