Citigroup Inc. set a GBX 180 ($2.35) price objective on Glencore PLC (LON:GLEN) in a research report report published on Friday. The brokerage currently has a a neutral rating on the natural resources company’s stock.
Several other brokerages have also issued reports on GLEN. Canaccord Genuity lowered shares of Glencore PLC to a hold rating and lifted their target price for the company from GBX 215 ($2.81) to GBX 220 ($2.87) in a research report on Tuesday, September 27th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 220 ($2.87) price target on shares of Glencore PLC in a research note on Friday, August 12th. Societe Generale reissued a buy rating and set a GBX 230 ($3.00) price target on shares of Glencore PLC in a research note on Friday, August 12th. S&P Global Inc. set a GBX 130 ($1.70) price target on shares of Glencore PLC and gave the stock a sell rating in a research note on Friday, August 12th. Finally, Liberum Capital raised shares of Glencore PLC to a hold rating and lifted their price target for the stock from GBX 140 ($1.83) to GBX 185 ($2.41) in a research note on Thursday, September 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. Glencore PLC has a consensus rating of Hold and an average target price of GBX 172.61 ($2.25).
Glencore PLC (LON:GLEN) opened at 213.40 on Friday. The company’s market capitalization is GBX 30.36 billion. The company’s 50-day moving average is GBX 192.39 and its 200 day moving average is GBX 165.06. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 220.65.
About Glencore PLC
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.
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