Macquarie reaffirmed their outperform rating on shares of Glencore PLC (LON:GLEN) in a research note released on Tuesday morning. The firm currently has a GBX 400 ($5.26) target price on the natural resources company’s stock.
A number of other research firms also recently commented on GLEN. J P Morgan Chase & Co decreased their price objective on shares of Glencore PLC from GBX 330 ($4.34) to GBX 310 ($4.08) and set a neutral rating on the stock in a report on Tuesday, September 5th. Citigroup Inc. reissued a buy rating and set a GBX 400 ($5.26) price objective on shares of Glencore PLC in a report on Monday. BNP Paribas set a GBX 440 ($5.78) price objective on shares of Glencore PLC and gave the stock a buy rating in a report on Wednesday, September 6th. UBS AG set a GBX 380 ($5.00) price objective on shares of Glencore PLC and gave the stock a neutral rating in a report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) set a GBX 400 ($5.26) price objective on shares of Glencore PLC and gave the stock a buy rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. Glencore PLC has a consensus rating of Buy and a consensus target price of GBX 375 ($4.93).
Glencore PLC (GLEN) opened at 374.25 on Tuesday. Glencore PLC has a 52-week low of GBX 227.90 and a 52-week high of GBX 374.70. The firm’s market cap is GBX 53.37 billion. The company’s 50 day moving average is GBX 356.32 and its 200 day moving average is GBX 319.21.
About Glencore PLC
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.
What are top analysts saying about Glencore PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Glencore PLC and related companies.