Glencore PLC (GLEN) Price Target Increased to GBX 210 by Analysts at Jefferies Group
Glencore PLC (LON:GLEN) had its price target upped by Jefferies Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a report published on Friday. The firm currently has a hold rating on the natural resources company’s stock.
A number of other analysts have also recently commented on GLEN. BNP Paribas reiterated an outperform rating and issued a GBX 175 ($2.17) target price on shares of Glencore PLC in a research note on Monday, June 27th. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 140 ($1.73) price target (up from GBX 90 ($1.11)) on shares of Glencore PLC in a research report on Tuesday, June 28th. Morgan Stanley set a GBX 138 ($1.71) price target on shares of Glencore PLC and gave the stock a neutral rating in a research report on Wednesday, June 29th. Haitong Bank raised shares of Glencore PLC to a buy rating and raised their price target for the stock from GBX 141 ($1.75) to GBX 194 ($2.40) in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG reissued an outperform rating and set a GBX 160 ($1.98) price target on shares of Glencore PLC in a research report on Thursday, June 30th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 177.61 ($2.20).
Glencore PLC (LON:GLEN) traded up 0.68% during mid-day trading on Friday, hitting GBX 229.80. The stock had a trading volume of 29,368,379 shares. The company’s market capitalization is GBX 32.69 billion. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 240.57. The stock’s 50-day moving average is GBX 199.56 and its 200 day moving average is GBX 168.76.
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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