Glencore (GLEN) Given a GBX 450 Price Target by J P Morgan Chase & Co Analysts

J P Morgan Chase & Co set a GBX 450 ($6.06) price target on Glencore (LON:GLEN) in a report published on Thursday. The firm currently has a buy rating on the natural resources company’s stock.

GLEN has been the topic of several other reports. Royal Bank of Canada restated an outperform rating and set a GBX 410 ($5.52) price target on shares of Glencore in a research report on Thursday, August 31st. Liberum Capital lowered Glencore to a sell rating and lifted their price target for the company from GBX 285 ($3.84) to GBX 300 ($4.04) in a research report on Thursday, October 26th. Barclays restated an overweight rating and set a GBX 400 ($5.38) price target on shares of Glencore in a research report on Monday, September 25th. Macquarie restated an outperform rating and set a GBX 395 ($5.32) price target on shares of Glencore in a research report on Wednesday, August 30th. Finally, Credit Suisse Group lifted their price target on Glencore from GBX 397 ($5.34) to GBX 445 ($5.99) and gave the company an outperform rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Glencore presently has a consensus rating of Buy and a consensus target price of GBX 396.43 ($5.34).

Shares of Glencore (LON GLEN) opened at GBX 364 ($4.90) on Thursday. Glencore has a 1 year low of GBX 260.50 ($3.51) and a 1 year high of GBX 388.25 ($5.23).

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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.

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