Glencore PLC (LON:GLEN) Price Target Cut to GBX 380 by Analysts at HSBC Holdings plc
Glencore PLC (LON:GLEN) had its price objective cut by HSBC Holdings plc from GBX 390 ($5.09) to GBX 380 ($4.96) in a research note published on Friday. They currently have a buy rating on the natural resources company’s stock.
A number of other equities analysts have also weighed in on GLEN. Royal Bank Of Canada increased their target price on Glencore PLC from GBX 410 ($5.35) to GBX 450 ($5.88) and gave the stock an outperform rating in a research note on Thursday, March 16th. Deutsche Bank AG increased their target price on Glencore PLC from GBX 315 ($4.11) to GBX 355 ($4.64) and gave the stock a hold rating in a research note on Friday, March 17th. BNP Paribas reiterated an outperform rating and set a GBX 405 ($5.29) target price on shares of Glencore PLC in a research note on Thursday, March 23rd. Barclays PLC reiterated an overweight rating and set a GBX 390 ($5.09) target price on shares of Glencore PLC in a research note on Monday, March 27th. Finally, Macquarie reiterated a neutral rating and set a GBX 340 ($4.44) target price on shares of Glencore PLC in a research note on Tuesday, March 28th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 341.79 ($4.46).
Glencore PLC (GLEN) traded up 1.49% during mid-day trading on Friday, hitting GBX 320.80. The stock had a trading volume of 27,214,972 shares. Glencore PLC has a one year low of GBX 167.10 and a one year high of GBX 347.00. The stock’s 50 day moving average price is GBX 287.90 and its 200 day moving average price is GBX 303.41. The firm’s market capitalization is GBX 45.72 billion.
Glencore PLC Company Profile
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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