Glencore (GLEN) Given a GBX 380 Price Target at UBS Group
UBS Group set a GBX 380 ($4.95) target price on Glencore (LON:GLEN) in a research report sent to investors on Friday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the natural resources company’s stock.
A number of other analysts have also issued reports on GLEN. Royal Bank of Canada restated an outperform rating and set a GBX 410 ($5.34) target price on shares of Glencore in a research report on Friday, May 18th. Goldman Sachs Group set a GBX 515 ($6.71) target price on shares of Glencore and gave the stock a buy rating in a research report on Thursday, June 7th. Credit Suisse Group set a GBX 480 ($6.25) target price on shares of Glencore and gave the stock a buy rating in a research report on Thursday, June 7th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 550 ($7.16) target price on shares of Glencore in a research report on Friday, June 8th. Finally, Liberum Capital restated a sell rating on shares of Glencore in a research report on Wednesday, June 13th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of GBX 405.19 ($5.28).
LON GLEN traded up GBX 2.05 ($0.03) during mid-day trading on Friday, reaching GBX 301.55 ($3.93). 38,277,464 shares of the stock were exchanged, compared to its average volume of 46,120,000. Glencore has a 1-year low of GBX 270 ($3.52) and a 1-year high of GBX 416.91 ($5.43).
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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