Credit Suisse Group AG Reiterates GBX 250 Price Target for Glencore PLC (GLEN)
Credit Suisse Group AG set a GBX 250 ($3.05) price objective on Glencore PLC (LON:GLEN) in a research note released on Friday morning. The firm currently has a a buy rating on the natural resources company’s stock.
GLEN has been the topic of several other reports. BNP Paribas reiterated an outperform rating and issued a GBX 175 ($2.13) price objective on shares of Glencore PLC in a research report on Monday, June 27th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 140 ($1.71) price objective (up from GBX 90 ($1.10)) on shares of Glencore PLC in a research report on Tuesday, June 28th. Morgan Stanley set a GBX 138 ($1.68) price objective on shares of Glencore PLC and gave the company a neutral rating in a research report on Wednesday, June 29th. Haitong Bank upgraded shares of Glencore PLC to a buy rating and lifted their price objective for the company from GBX 141 ($1.72) to GBX 194 ($2.36) in a research report on Thursday, June 30th. Finally, Independent Research GmbH set a GBX 180 ($2.19) price objective on shares of Glencore PLC and gave the company a neutral rating in a research report on Tuesday, July 5th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. Glencore PLC currently has an average rating of Hold and a consensus target price of GBX 177.61 ($2.16).
Shares of Glencore PLC (LON:GLEN) opened at 238.85 on Friday. The stock has a 50 day moving average of GBX 202.35 and a 200 day moving average of GBX 170.17. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 241.30. The firm’s market capitalization is GBX 33.98 billion.
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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