Glencore PLC (LON:GLEN) had its price objective raised by Jefferies Group from GBX 180 ($2.19) to GBX 210 ($2.56) in a report issued on Friday. The firm currently has a hold rating on the natural resources company’s stock.
A number of other equities research analysts have also weighed in on the company. Societe Generale set a GBX 275 ($3.35) price objective on Glencore PLC and gave the stock a buy rating in a research report on Tuesday, October 11th. BNP Paribas reiterated an outperform rating and issued a GBX 220 ($2.68) price objective on shares of Glencore PLC in a research report on Thursday, October 6th. Citigroup Inc. set a GBX 180 ($2.19) price objective on Glencore PLC and gave the stock a neutral rating in a research report on Friday, September 30th. Canaccord Genuity lowered Glencore PLC to a hold rating and lifted their price objective for the stock from GBX 215 ($2.62) to GBX 220 ($2.68) in a research report on Tuesday, September 27th. Finally, Liberum Capital upgraded Glencore PLC to a hold rating and lifted their price objective for the stock from GBX 140 ($1.71) to GBX 185 ($2.25) in a research report on Thursday, September 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 177.61 ($2.16).
Shares of Glencore PLC (LON:GLEN) opened at 238.85 on Friday. The company’s 50-day moving average price is GBX 202.35 and its 200 day moving average price is GBX 170.17. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 241.30. The company’s market cap is GBX 33.98 billion.
Glencore PLC Company Profile
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.