Goldman Sachs Group set a GBX 400 ($5.23) price target on Glencore (LON:GLEN) in a research note released on Monday. The brokerage currently has a buy rating on the natural resources company’s stock.

A number of other analysts have also recently commented on GLEN. Cfra set a GBX 410 ($5.36) target price on Glencore and gave the stock a buy rating in a research report on Wednesday, August 1st. HSBC set a GBX 440 ($5.75) target price on Glencore and gave the stock a buy rating in a research report on Wednesday, August 1st. JPMorgan Chase & Co. set a GBX 550 ($7.19) target price on Glencore and gave the stock a buy rating in a research report on Wednesday, August 1st. Deutsche Bank reiterated a buy rating on shares of Glencore in a research report on Wednesday, August 1st. Finally, Credit Suisse Group set a GBX 480 ($6.27) target price on Glencore and gave the stock a buy rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 393.57 ($5.14).

Shares of LON GLEN opened at GBX 299.55 ($3.91) on Monday. Glencore has a 1 year low of GBX 270 ($3.53) and a 1 year high of GBX 416.91 ($5.45).

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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