Glencore PLC (GLEN) PT Set at GBX 370 by Bank of America Corporation
Glencore PLC (LON:GLEN) has been assigned a GBX 370 ($4.62) price target by stock analysts at Bank of America Corporation in a research note issued on Wednesday. The firm currently has a “buy” rating on the natural resources company’s stock. Bank of America Corporation’s price target points to a potential upside of 14.02% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 370 ($4.62) price objective on shares of Glencore PLC in a report on Thursday, January 19th. HSBC Holdings plc restated a “buy” rating and set a GBX 440 ($5.50) price objective on shares of Glencore PLC in a report on Tuesday, January 17th. Jefferies Group LLC upgraded shares of Glencore PLC to a “buy” rating and boosted their price objective for the company from GBX 210 ($2.62) to GBX 300 ($3.75) in a report on Thursday, November 10th. Liberum Capital restated a “hold” rating and set a GBX 185 ($2.31) price objective on shares of Glencore PLC in a report on Thursday, November 3rd. Finally, Credit Suisse Group boosted their price objective on shares of Glencore PLC from GBX 250 ($3.12) to GBX 300 ($3.75) and gave the company an “outperform” rating in a report on Thursday, November 10th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 304.50 ($3.81).
Glencore PLC (LON:GLEN) opened at 324.50 on Wednesday. The company’s market cap is GBX 46.17 billion. Glencore PLC has a 12-month low of GBX 114.20 and a 12-month high of GBX 334.46. The stock’s 50 day moving average is GBX 310.82 and its 200-day moving average is GBX 251.49.
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About Glencore PLC
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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