Glencore (GLEN) Given a GBX 340 Price Target by JPMorgan Chase & Co. Analysts

Glencore (LON:GLEN) has been assigned a GBX 340 ($4.44) target price by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the natural resources company’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 14.48% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group set a GBX 375 ($4.90) price objective on Glencore and gave the company a “buy” rating in a research report on Thursday, September 13th. Societe Generale set a GBX 420 ($5.49) price objective on Glencore and gave the company a “buy” rating in a research report on Monday, August 13th. Credit Suisse Group set a GBX 480 ($6.27) target price on Glencore and gave the stock a “buy” rating in a research report on Thursday, August 9th. Cfra set a GBX 390 ($5.10) target price on Glencore and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, HSBC reduced their target price on Glencore from GBX 440 ($5.75) to GBX 420 ($5.49) and set a “buy” rating for the company in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 388.57 ($5.08).

GLEN opened at GBX 297 ($3.88) on Monday. Glencore has a 1-year low of GBX 270 ($3.53) and a 1-year high of GBX 416.91 ($5.45).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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