Glencore International Stock Rating Reaffirmed by Jefferies Group (GLEN)
Glencore International (LON: GLEN)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Wednesday. They currently have a $6.76 (450 GBX) target price on the stock.
Glencore International opened at 387.50 on Wednesday. Glencore International has a 1-year low of GBX 289.35 and a 1-year 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 Sanford C. Bernstein reiterated an “outperform” rating on shares of Glencore International in a research note to investors on Wednesday. They now have a $7.14 price target on the stock. Separately, analysts at Bank of America raised their price target on shares of Glencore International from $6.46 to $6.76 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, 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.
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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