Glencore’s (GLEN) “Neutral” Rating Reiterated at JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Monday. JPMorgan Chase & Co. currently has a GBX 340 ($4.44) price target on the natural resources company’s stock.
Several other equities research analysts have also recently issued reports on GLEN. HSBC set a GBX 440 ($5.75) target price on shares of Glencore and gave the stock a buy rating in a report on Wednesday, August 1st. Credit Suisse Group set a GBX 480 ($6.27) target price on shares of Glencore and gave the stock a buy rating in a report on Tuesday, July 31st. Royal Bank of Canada set a GBX 350 ($4.57) target price on shares of Glencore and gave the stock a buy rating in a report on Wednesday, November 7th. UBS Group restated a neutral rating on shares of Glencore in a report on Wednesday, August 1st. Finally, Cfra set a GBX 410 ($5.36) target price on shares of Glencore and gave the stock a buy rating in a report on Wednesday, August 1st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 393.57 ($5.14).
Shares of GLEN stock opened at GBX 290.65 ($3.80) on Monday. Glencore has a 12-month low of GBX 270 ($3.53) and a 12-month high of GBX 416.91 ($5.45).
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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