Glencore (GLEN) Given a GBX 350 Price Target by Goldman Sachs Group Analysts

Glencore (LON:GLEN) has been assigned a GBX 350 ($4.57) target price by stock analysts at Goldman Sachs Group in a report issued on Tuesday. The firm currently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group’s price objective suggests a potential upside of 17.29% from the stock’s previous close.

A number of other research analysts have also weighed in on GLEN. HSBC reduced their price target on Glencore from GBX 450 ($5.88) to GBX 410 ($5.36) and set a “buy” rating on the stock in a research note on Monday, February 4th. Credit Suisse Group reissued an “outperform” rating on shares of Glencore in a research note on Friday, February 8th. Morgan Stanley set a GBX 390 ($5.10) price target on Glencore and gave the stock a “buy” rating in a research note on Tuesday, December 4th. Barclays set a GBX 370 ($4.83) price target on Glencore and gave the stock a “buy” rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada reduced their price target on Glencore from GBX 360 ($4.70) to GBX 345 ($4.51) and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Glencore has a consensus rating of “Buy” and a consensus target price of GBX 365.36 ($4.77).

Shares of Glencore stock opened at GBX 298.40 ($3.90) on Tuesday. 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 Company Profile

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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