Glencore (GLEN) PT Raised to GBX 450 at Deutsche Bank
Glencore (LON:GLEN) had its price target raised by research analysts at Deutsche Bank from GBX 430 ($5.83) to GBX 450 ($6.10) in a research note issued on Monday. The firm presently has a “buy” rating on the natural resources company’s stock. Deutsche Bank’s price target suggests a potential upside of 9.88% from the stock’s previous close.
GLEN has been the topic of several other research reports. Jefferies Group restated a “buy” rating and issued a GBX 450 ($6.10) price target on shares of Glencore in a research note on Wednesday, December 13th. set a GBX 420 ($5.70) price target on shares of Glencore and gave the company a “buy” rating in a research note on Tuesday, October 3rd. JPMorgan Chase & Co. set a GBX 310 ($4.20) price target on shares of Glencore and gave the company a “neutral” rating in a research note on Wednesday, October 4th. Goldman Sachs Group set a GBX 400 ($5.42) price target on shares of Glencore and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, Macquarie restated an “outperform” rating and issued a GBX 400 ($5.42) price target on shares of Glencore in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 399.48 ($5.42).
Shares of Glencore (LON:GLEN) traded up GBX 2 ($0.03) during midday trading on Monday, reaching GBX 409.55 ($5.55). 25,610,000 shares of the company’s stock were exchanged, compared to its average volume of 33,730,000. Glencore has a 1 year low of GBX 270 ($3.66) and a 1 year high of GBX 413 ($5.60). The company has a market capitalization of $58,130.00 and a PE ratio of 3,723.18.
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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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