Glencore (LON:GLEN) received a GBX 380 ($5.25) target price from stock analysts at UBS Group in a research note issued to investors on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the natural resources company’s stock. UBS Group’s target price points to a potential downside of 0.82% from the stock’s current price.
GLEN has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Glencore from GBX 400 ($5.53) to GBX 450 ($6.22) and gave the company an “overweight” rating in a research report on Monday, January 8th. Royal Bank of Canada set a GBX 470 ($6.49) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Monday, March 5th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 400 ($5.53) price objective on shares of Glencore in a research report on Friday, November 24th. JPMorgan Chase & Co. boosted their price objective on shares of Glencore from GBX 450 ($6.22) to GBX 470 ($6.49) and gave the company an “overweight” rating in a research report on Thursday, January 11th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a GBX 430 ($5.94) price objective on shares of Glencore in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Glencore presently has an average rating of “Buy” and a consensus target price of GBX 422.45 ($5.84).
Shares of Glencore (LON GLEN) traded up GBX 6.46 ($0.09) during trading hours on Wednesday, hitting GBX 383.16 ($5.29). 48,110,000 shares of the company were exchanged, compared to its average volume of 44,600,000. Glencore has a twelve month low of GBX 270 ($3.73) and a twelve month high of GBX 416.91 ($5.76). The company has a market cap of $55,060.00 and a P/E ratio of 1,277.20.
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.
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.