UBS Group Analysts Give Glencore (GLEN) a GBX 380 Price Target

Glencore (LON:GLEN) has been given a GBX 380 ($5.15) target price by UBS Group in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the natural resources company’s stock. UBS Group’s price target suggests a potential downside of 6.36% from the company’s previous close.

Several other analysts have also recently weighed in on GLEN. Credit Suisse Group reissued an “outperform” rating and issued a GBX 445 ($6.03) price target on shares of Glencore in a research note on Monday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 470 ($6.37) price target on shares of Glencore in a research note on Thursday. Deutsche Bank increased their price target on shares of Glencore from GBX 430 ($5.83) to GBX 450 ($6.10) and gave the company a “buy” rating in a research note on Monday, January 15th. Morgan Stanley set a GBX 347 ($4.71) price target on shares of Glencore and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Finally, Goldman Sachs Group set a GBX 450 ($6.10) price target on shares of Glencore and gave the company a “buy” rating in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 399.48 ($5.42).

Shares of Glencore (LON GLEN) opened at GBX 405.80 ($5.50) on Monday. The company has a market cap of $58,750.00 and a PE ratio of 3,689.09. Glencore has a 1-year low of GBX 270 ($3.66) and a 1-year high of GBX 413 ($5.60).

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About Glencore

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.

Analyst Recommendations for Glencore (LON:GLEN)

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