Goldman Sachs Group set a GBX 450 ($6.10) price objective on Glencore (LON:GLEN) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the natural resources company’s stock.
Other equities analysts have also issued research reports about the stock. Citigroup reaffirmed a buy rating and set a GBX 400 ($5.42) target price on shares of Glencore in a research report on Monday, October 9th. Deutsche Bank reissued a buy rating and issued a GBX 420 ($5.70) price target on shares of Glencore in a report on Wednesday, October 4th. set a GBX 420 ($5.70) price target on shares of Glencore and gave the company a buy rating in a report on Tuesday, October 3rd. Macquarie set a GBX 420 ($5.70) price target on shares of Glencore and gave the company a buy rating in a report on Wednesday, October 11th. Finally, Jefferies Group reissued a buy rating and issued a GBX 450 ($6.10) price target on shares of Glencore in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of GBX 398.61 ($5.41).
Glencore (LON:GLEN) opened at GBX 407.55 ($5.53) on Tuesday. Glencore has a 52-week low of GBX 270 ($3.66) and a 52-week high of GBX 411 ($5.57). The stock has a market cap of $58,530.00 and a price-to-earnings ratio of 3,705.00.
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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