Glencore PLC’s (GLEN) Buy Rating Reiterated at HSBC Holdings plc
Glencore PLC (LON:GLEN)‘s stock had its “buy” rating reissued by equities researchers at HSBC Holdings plc in a research report issued to clients and investors on Monday. They currently have a GBX 420 ($5.54) price target on the natural resources company’s stock. HSBC Holdings plc’s price target would indicate a potential upside of 13.51% from the stock’s previous close.
GLEN has been the topic of a number of other reports. UBS AG set a GBX 350 ($4.62) price objective on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 380 ($5.01) price objective on shares of Glencore PLC in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) set a GBX 400 ($5.28) price objective on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, August 17th. Citigroup Inc. reiterated a “buy” rating on shares of Glencore PLC in a research note on Wednesday, August 23rd. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 400 ($5.28) price objective on shares of Glencore PLC in a research note on Friday, July 14th. Three investment 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. The company presently has a consensus rating of “Buy” and an average target price of GBX 378.67 ($5.00).
Glencore PLC (GLEN) traded down 1.89% on Monday, reaching GBX 363.00. The company’s stock had a trading volume of 28,094,742 shares. Glencore PLC has a 12 month low of GBX 230.60 and a 12 month high of GBX 388.25. The firm has a 50 day moving average of GBX 361.97 and a 200 day moving average of GBX 324.77. The firm’s market cap is GBX 51.77 billion.
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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