Societe Generale Raises Glencore PLC (GLEN) Price Target to GBX 470
Glencore PLC (LON:GLEN) had its target price raised by Societe Generale from GBX 400 ($5.26) to GBX 470 ($6.18) in a research report released on Thursday morning. They currently have a buy rating on the natural resources company’s stock.
A number of other equities research analysts have also weighed in on the stock. Credit Suisse Group reissued an outperform rating on shares of Glencore PLC in a report on Friday, July 21st. Macquarie reissued an outperform rating on shares of Glencore PLC in a report on Wednesday, October 18th. Citigroup Inc. reissued a buy rating and set a GBX 400 ($5.26) price objective on shares of Glencore PLC in a report on Monday, October 9th. Royal Bank Of Canada reissued an outperform rating and set a GBX 410 ($5.39) price objective on shares of Glencore PLC in a report on Thursday, August 31st. Finally, HSBC Holdings plc set a GBX 390 ($5.13) price objective on shares of Glencore PLC and gave the company a buy rating in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 382.83 ($5.04).
Shares of Glencore PLC (LON GLEN) traded down GBX 0.40 ($0.01) on Thursday, hitting GBX 362.60 ($4.77). 24,194,698 shares of the stock were exchanged, compared to its average volume of 31,870,000. Glencore PLC has a 12-month low of GBX 255.52 ($3.36) and a 12-month high of GBX 388.25 ($5.11).
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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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