Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reissued by investment analysts at BNP Paribas in a report issued on Thursday. They currently have a GBX 220 ($2.87) price target on the natural resources company’s stock. BNP Paribas’ price objective suggests a potential downside of 1.61% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Group increased their target price on shares of Glencore PLC from GBX 150 ($1.96) to GBX 160 ($2.09) and gave the company a “hold” rating in a research note on Thursday, July 7th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 215 ($2.81) target price on shares of Glencore PLC in a research note on Thursday, August 11th. Societe Generale reiterated a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Glencore PLC in a research note on Friday, August 12th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 140 ($1.83) target price (up previously from GBX 90 ($1.17)) on shares of Glencore PLC in a research note on Tuesday, June 28th. Finally, Macquarie cut shares of Glencore PLC to a “neutral” rating and set a GBX 200 ($2.61) target price for the company. in a research note on Thursday, August 18th. Four research 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 presently has a consensus rating of “Hold” and an average price target of GBX 174.21 ($2.27).
Glencore PLC (LON:GLEN) opened at 224.15 on Thursday. The company has a 50-day moving average price of GBX 194.10 and a 200-day moving average price of GBX 166.32. The company’s market capitalization is GBX 31.89 billion. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 225.67.
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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