Glencore PLC (GLEN) Given “Neutral” Rating at Macquarie
Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a research note issued on Tuesday. They currently have a GBX 200 ($2.61) target price on the natural resources company’s stock. Macquarie’s price target would indicate a potential upside of 1.78% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group AG reissued a “restricted” rating on shares of Glencore PLC in a report on Friday, May 27th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 140 ($1.83) price target on shares of Glencore PLC in a report on Tuesday, July 12th. Haitong Bank raised shares of Glencore PLC to a “buy” rating and boosted their price target for the stock from GBX 141 ($1.84) to GBX 194 ($2.53) in a report on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 220 ($2.87) price target on shares of Glencore PLC and gave the stock a “neutral” rating in a report on Thursday, July 14th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 175 ($2.28) price target on shares of Glencore PLC in a report on Monday, June 27th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Glencore PLC has an average rating of “Hold” and an average target price of GBX 171.18 ($2.23).
Glencore PLC (LON:GLEN) opened at 196.20 on Tuesday. The firm has a 50-day moving average of GBX 186.97 and a 200 day moving average of GBX 160.45. The company’s market capitalization is GBX 27.91 billion. Glencore PLC has a 12-month low of GBX 66.67 and a 12-month high of GBX 200.97.
Glencore PLC Company Profile
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.