Shares of Glencore PLC (LON:GLEN) have been given a consensus rating of “Buy” by the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 415.18 ($5.74).
Several equities research analysts recently issued reports on the stock. Liberum Capital reissued a “sell” rating and issued a GBX 300 ($4.14) target price on shares of Glencore in a research report on Thursday, January 11th. Deutsche Bank raised their target price on shares of Glencore from GBX 430 ($5.94) to GBX 450 ($6.22) and gave the stock a “buy” rating in a research report on Monday, January 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 470 ($6.49) price target on shares of Glencore in a research report on Thursday, January 18th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 445 ($6.15) price target on shares of Glencore in a research report on Monday, January 22nd. Finally, UBS Group set a GBX 380 ($5.25) price target on shares of Glencore and gave the company a “neutral” rating in a research report on Monday, January 22nd.
Glencore (GLEN) traded up GBX 1 ($0.01) on Tuesday, hitting GBX 384.80 ($5.32). 20,296,874 shares of the company traded hands, compared to its average volume of 37,830,000. Glencore has a twelve month low of GBX 270 ($3.73) and a twelve month high of GBX 416.91 ($5.76). The firm has a market capitalization of $55,660.00 and a PE ratio of 3,848.00.
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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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