Barclays set a GBX 370 ($4.83) price target on Glencore (LON:GLEN) in a research note published on Monday. The firm currently has a buy rating on the natural resources company’s stock.
Several other brokerages also recently weighed in on GLEN. Deutsche Bank reaffirmed a buy rating and issued a GBX 390 ($5.10) target price on shares of Glencore in a report on Monday. Royal Bank of Canada set a GBX 350 ($4.57) target price on shares of Glencore and gave the company a buy rating in a report on Friday, October 26th. Goldman Sachs Group set a GBX 350 ($4.57) target price on shares of Glencore and gave the company a buy rating in a report on Friday. Credit Suisse Group set a GBX 480 ($6.27) target price on shares of Glencore and gave the company a buy rating in a report on Tuesday, December 11th. Finally, HSBC decreased their price objective on shares of Glencore from GBX 450 ($5.88) to GBX 410 ($5.36) and set a buy rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 367.86 ($4.81).
Shares of LON:GLEN opened at GBX 304.65 ($3.98) on Monday. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 416.91 ($5.45).
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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