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 note issued to investors on Monday. Credit Suisse Group AG currently has GBX 220 ($2.87) price target on the natural resources company’s stock, up from their previous price target of GBX 210 ($2.74).
A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 150 ($1.96) price target on shares of Glencore PLC in a research report on Friday, June 10th. BNP Paribas reaffirmed an outperform rating and issued a GBX 175 ($2.28) price target on shares of Glencore PLC in a research report on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 140 ($1.83) price target (up previously from GBX 90 ($1.17)) on shares of Glencore PLC in a research report on Tuesday, June 28th. Morgan Stanley set a GBX 138 ($1.80) price target on Glencore PLC and gave the stock a neutral rating in a research report on Wednesday, June 29th. Finally, Haitong Bank raised 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 research report on Thursday, June 30th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 172.79 ($2.26).
Glencore PLC (LON:GLEN) opened at 208.65 on Monday. Glencore PLC has a 12-month low of GBX 66.67 and a 12-month high of GBX 210.63. The firm’s 50-day moving average price is GBX 188.17 and its 200-day moving average price is GBX 161.25. The company’s market cap is GBX 29.69 billion.
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.
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