Glencore PLC’s (GLEN) Buy Rating Reiterated at Deutsche Bank AG
Glencore PLC (LON:GLEN)‘s stock had its “buy” rating restated by Deutsche Bank AG in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 430 ($5.66) price target on the natural resources company’s stock. Deutsche Bank AG’s target price points to a potential upside of 21.66% from the stock’s current price.
Several other research firms also recently issued reports on GLEN. Barclays PLC upped their price objective on Glencore PLC from GBX 400 ($5.26) to GBX 430 ($5.66) and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Macquarie reissued a “buy” rating on shares of Glencore PLC in a research note on Monday, November 6th. Credit Suisse Group increased their price target on Glencore PLC from GBX 397 ($5.22) to GBX 445 ($5.85) and gave the company an “outperform” rating in a research note on Thursday, October 26th. Liberum Capital downgraded Glencore PLC to a “sell” rating and increased their price target for the company from GBX 285 ($3.75) to GBX 300 ($3.95) in a research note on Thursday, October 26th. Finally, The Goldman Sachs Group, Inc. set a GBX 400 ($5.26) price target on Glencore PLC and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three equities research 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. The stock currently has an average rating of “Buy” and an average target price of GBX 382.83 ($5.04).
Glencore PLC (GLEN) traded up GBX 0.15 ($0.00) during trading hours on Thursday, reaching GBX 353.45 ($4.65). The company’s stock had a trading volume of 34,366,434 shares, compared to its average volume of 33,200,000. Glencore PLC has a 12-month low of GBX 258.45 ($3.40) and a 12-month high of GBX 388.25 ($5.11).
ILLEGAL ACTIVITY NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/11/18/glencore-plcs-glen-buy-rating-reiterated-at-deutsche-bank-ag.html.
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.