Glencore PLC (GLEN) Given a GBX 275 Price Target by Societe Generale Analysts
Glencore PLC (LON:GLEN) has been assigned a GBX 275 ($3.40) target price by Societe Generale in a research note issued on Tuesday. The firm currently has a a “buy” rating on the natural resources company’s stock. Societe Generale’s price objective would suggest a potential upside of 16.43% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 140 ($1.73) price objective on shares of Glencore PLC in a research report on Tuesday, July 12th. Haitong Bank raised Glencore PLC to a “buy” rating and upped their price objective for the company from GBX 141 ($1.75) to GBX 194 ($2.40) in a research report on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 220 ($2.72) price objective on Glencore PLC and gave the company a “neutral” rating in a research report on Thursday, July 14th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 175 ($2.17) price objective on shares of Glencore PLC in a research report on Monday, June 27th. Finally, Liberum Capital cut Glencore PLC to a “sell” rating and upped their price objective for the company from GBX 125 ($1.55) to GBX 140 ($1.73) in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 175.46 ($2.17).
Shares of Glencore PLC (LON:GLEN) opened at 232.70 on Tuesday. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 236.42. The firm has a 50-day moving average price of GBX 197.60 and a 200-day moving average price of GBX 167.79. The stock’s market capitalization is GBX 33.11 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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