BNP Paribas Reaffirms Outperform Rating for Glencore PLC (GLEN)
BNP Paribas restated their outperform rating on shares of Glencore PLC (LON:GLEN) in a report issued on Thursday morning. They currently have a GBX 220 ($2.72) price objective on the natural resources company’s stock.
GLEN has been the subject of several other research reports. Goldman Sachs Group Inc. set a GBX 150 ($1.86) price target on Glencore PLC and gave the stock a neutral rating in a research note on Friday, August 26th. RBC Capital Markets set a GBX 210 ($2.60) price objective on Glencore PLC and gave the stock a buy rating in a research report on Thursday, September 8th. Societe Generale increased their price objective on Glencore PLC from GBX 230 ($2.85) to GBX 240 ($2.97) and gave the stock a buy rating in a research report on Wednesday, September 14th. Citigroup Inc. set a GBX 180 ($2.23) price objective on Glencore PLC and gave the stock a neutral rating in a research report on Friday, September 30th. Finally, Jefferies Group cut their price objective on Glencore PLC from GBX 200 ($2.48) to GBX 180 ($2.23) and set a hold rating for the company in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 174.21 ($2.16).
Glencore PLC (LON:GLEN) opened at 226.40 on Thursday. The stock’s market cap is GBX 32.21 billion. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 230.60. The stock’s 50 day moving average price is GBX 195.13 and its 200 day moving average price is GBX 166.94.
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.