Glencore International PT Raised to $6.76 at Bank of America (GLEN)
Research analysts at Bank of America lifted their target price on shares of Glencore International (LON: GLEN) from $6.46 (430 GBX) to $6.76 (450 GBX) in a report released on Wednesday. The firm currently has a “buy” rating on the stock.
Glencore International opened at 391.15 on Wednesday. Glencore International has a 52-week low of GBX 289.35 and a 52-week high of GBX 439.95. The stock’s 50-day moving average is currently GBX 352.6.
A number of other firms have also recently commented on GLEN. Analysts at Societe Generale reiterated a “hold” rating on shares of Glencore International in a research note to investors on Monday. They now have a $5.86 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Glencore International in a research note to investors on Monday. They now have a $6.61 price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Glencore International in a research note to investors on Wednesday, February 27th. They now have a $6.07 price target on the stock.
Glencore International plc is a holding company. It operates in three segments: metals and minerals, which include zinc, copper, lead, alumina, aluminium, ferro alloys, nickel, cobalt and iron ore, including smelting, refining, mining, processing and storage related operations; energy products, which includes crude oil, oil products, steam coal and metallurgical coal supported by investments in coal mining and oil production operations, ports, vessels and storage facilities, and agriculture products.
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