Glencore (LON:GLEN) has been given a GBX 450 ($6.22) target price by analysts at Barclays in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the natural resources company’s stock. Barclays’ price target would indicate a potential upside of 21.93% from the stock’s previous close.
A number of other equities research analysts have also commented on the stock. AlphaValue upgraded shares of Glencore to a “buy” rating in a report on Thursday. Royal Bank of Canada set a GBX 470 ($6.49) price objective on shares of Glencore and gave the stock a “buy” rating in a report on Monday, March 5th. Goldman Sachs Group set a GBX 460 ($6.36) price objective on shares of Glencore and gave the stock a “buy” rating in a report on Wednesday, February 28th. Cfra set a GBX 410 ($5.66) target price on shares of Glencore and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 470 ($6.49) target price on shares of Glencore in a research report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 419.45 ($5.80).
Shares of Glencore (LON GLEN) traded down GBX 0.75 ($0.01) during trading hours on Monday, hitting GBX 369.05 ($5.10). 30,551,234 shares of the company were exchanged, compared to its average volume of 44,090,000. Glencore has a fifty-two week low of GBX 270 ($3.73) and a fifty-two week high of GBX 416.91 ($5.76). The firm has a market capitalization of $53,170.00 and a price-to-earnings ratio of 1,230.17.
TRADEMARK VIOLATION WARNING: “Barclays Reiterates GBX 450 Price Target for Glencore (GLEN)” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/12/barclays-reiterates-gbx-450-price-target-for-glencore-glen.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.