Credit Suisse Group set a GBX 400 ($5.23) price objective on Glencore (LON:GLEN) in a report issued on Monday morning. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other equities analysts have also commented on GLEN. Deutsche Bank reaffirmed a buy rating on shares of Glencore in a research note on Monday, October 15th. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 440 ($5.75) price target (down previously from GBX 450 ($5.88)) on shares of Glencore in a research note on Monday, October 15th. JPMorgan Chase & Co. set a GBX 340 ($4.44) price target on Glencore and gave the company a neutral rating in a research note on Tuesday, October 23rd. Societe Generale decreased their price target on Glencore from GBX 420 ($5.49) to GBX 370 ($4.83) and set a buy rating on the stock in a research note on Thursday, October 25th. Finally, Goldman Sachs Group set a GBX 400 ($5.23) price target on Glencore and gave the company a buy rating in a research note on Friday, October 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 365.36 ($4.77).
Shares of Glencore stock opened at GBX 297.61 ($3.89) on Monday. Glencore has a 52 week low of GBX 270 ($3.53) and a 52 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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