Glencore PLC (GLEN) Receives Average Rating of “Buy” from Analysts
Glencore PLC (LON:GLEN) has been given a consensus rating of “Buy” by the twenty-four brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 387.14 ($5.21).
GLEN has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Glencore in a research report on Wednesday, August 23rd. Goldman Sachs Group set a GBX 400 ($5.38) price target on Glencore and gave the stock a “buy” rating in a research report on Thursday, August 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 375 ($5.05) price target on shares of Glencore in a research report on Friday, August 11th. UBS set a GBX 350 ($4.71) price target on Glencore and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, set a GBX 370 ($4.98) price objective on Glencore and gave the stock a “buy” rating in a research report on Friday, August 11th.
Glencore (LON:GLEN) traded down GBX 0.17 ($0.00) on Thursday, reaching GBX 337.10 ($4.54). The company had a trading volume of 24,171,447 shares, compared to its average volume of 35,610,000. Glencore has a 52-week low of GBX 260.50 ($3.51) and a 52-week high of GBX 388.25 ($5.23).
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Glencore 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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