Glencore PLC (LON:GLEN) received a GBX 250 ($3.05) price objective from investment analysts at Credit Suisse Group AG in a report released on Friday. The brokerage currently has a a “buy” rating on the natural resources company’s stock. Credit Suisse Group AG’s target price would suggest a potential upside of 8.74% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity raised shares of Glencore PLC to a “buy” rating and upped their price target for the stock from GBX 200 ($2.44) to GBX 215 ($2.62) in a report on Friday, July 22nd. Haitong Bank raised shares of Glencore PLC to a “buy” rating and upped their price target for the stock from GBX 141 ($1.72) to GBX 194 ($2.36) in a report on Thursday, June 30th. Societe Generale raised shares of Glencore PLC to a “buy” rating and upped their price target for the stock from GBX 160 ($1.95) to GBX 230 ($2.80) in a report on Tuesday, August 2nd. RBC Capital Markets set a GBX 210 ($2.56) price target on shares of Glencore PLC and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Glencore PLC in a report on Friday, July 15th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 177.61 ($2.16).
Glencore PLC (LON:GLEN) opened at 234.75 on Friday. The company’s market capitalization is GBX 33.40 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 240.57. The stock has a 50 day moving average price of GBX 201.38 and a 200 day moving average price of GBX 169.61.
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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