Glencore (LON:GLEN) had its target price increased by Royal Bank of Canada from GBX 410 ($5.48) to GBX 470 ($6.28) in a research report issued on Monday, December 4th. The firm currently has an “outperform” rating on the natural resources company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 25.20% from the stock’s previous close.
Several other research analysts have also recently weighed in on GLEN. Macquarie reaffirmed an “outperform” rating on shares of Glencore in a research report on Wednesday, October 18th. Societe Generale upped their price objective on Glencore from GBX 400 ($5.35) to GBX 470 ($6.28) and gave the stock a “buy” rating in a research report on Thursday, November 9th. Citigroup reaffirmed a “buy” rating and set a GBX 400 ($5.35) price objective on shares of Glencore in a research report on Monday, October 9th. Liberum Capital cut Glencore to a “sell” rating and upped their price objective for the stock from GBX 285 ($3.81) to GBX 300 ($4.01) in a research report on Thursday, October 26th. Finally, Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 400 ($5.35) price objective on shares of Glencore in a research report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 396.43 ($5.30).
Glencore (LON:GLEN) remained flat at $GBX 375.40 ($5.02) during trading hours on Monday. Glencore has a 1 year low of GBX 269.85 ($3.61) and a 1 year high of GBX 388.25 ($5.19). The stock has a market capitalization of $54,130.00 and a price-to-earnings ratio of 3,412.73.
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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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