Glencore PLC (GLEN) Earns “Outperform” Rating from Credit Suisse Group
Credit Suisse Group reiterated their outperform rating on shares of Glencore PLC (LON:GLEN) in a research note released on Wednesday, Marketbeat reports. They currently have a GBX 445 ($5.85) target price on the natural resources company’s stock.
A number of other brokerages also recently commented on GLEN. Barclays PLC boosted their price objective on shares of Glencore PLC from GBX 400 ($5.26) to GBX 430 ($5.66) and gave the stock an overweight rating in a research note on Tuesday, October 24th. Macquarie reissued a buy rating on shares of Glencore PLC in a research note on Monday, November 6th. Liberum Capital downgraded shares of Glencore PLC to a sell rating and boosted their price objective for the stock from GBX 285 ($3.75) to GBX 300 ($3.95) in a research note on Thursday, October 26th. The Goldman Sachs Group, Inc. set a GBX 400 ($5.26) price objective on shares of Glencore PLC and gave the stock a buy rating in a research note on Wednesday, October 18th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 310 ($4.08) price objective on shares of Glencore PLC in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 382.83 ($5.04).
Shares of Glencore PLC (LON:GLEN) traded up GBX 0.15 ($0.00) during midday trading on Wednesday, hitting GBX 353.45 ($4.65). The company had a trading volume of 34,366,434 shares, compared to its average volume of 33,200,000. Glencore PLC has a 12-month low of GBX 258.45 ($3.40) and a 12-month high of GBX 388.25 ($5.11).
ILLEGAL ACTIVITY WARNING: “Glencore PLC (GLEN) Earns “Outperform” Rating from Credit Suisse Group” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/18/glencore-plc-glen-earns-outperform-rating-from-credit-suisse-group.html.
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.