Glencore PLC (GLEN) Upgraded by Credit Suisse Group AG to Outperform
Credit Suisse Group AG upgraded shares of Glencore PLC (LON:GLEN) to an outperform rating in a research report sent to investors on Monday morning. They currently have GBX 220 ($2.87) target price on the natural resources company’s stock, up from their previous target price of GBX 210 ($2.74).
GLEN has been the topic of several other research reports. Goldman Sachs Group Inc. set a GBX 150 ($1.96) price objective on shares of Glencore PLC and gave the company a neutral rating in a report on Friday, August 26th. RBC Capital Markets set a GBX 210 ($2.74) price target on shares of Glencore PLC and gave the stock a buy rating in a report on Thursday, September 8th. Societe Generale increased their price target on shares of Glencore PLC from GBX 230 ($3.00) to GBX 240 ($3.13) and gave the stock a buy rating in a report on Wednesday, September 14th. Jefferies Group cut their price target on shares of Glencore PLC from GBX 200 ($2.61) to GBX 180 ($2.35) and set a hold rating on the stock in a report on Tuesday, August 30th. Finally, Macquarie reiterated a neutral rating and issued a GBX 200 ($2.61) price target on shares of Glencore PLC in a report on Monday, September 5th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Glencore PLC presently has a consensus rating of Hold and an average price target of GBX 172.79 ($2.26).
Glencore PLC (LON:GLEN) opened at 208.65 on Monday. The stock’s market cap is GBX 29.69 billion. Glencore PLC has a 12-month low of GBX 66.67 and a 12-month high of GBX 210.63. The stock has a 50 day moving average of GBX 188.17 and a 200 day moving average of GBX 161.25.
About Glencore PLC
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.
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