Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by analysts at Macquarie in a research note issued on Monday. They currently have a GBX 200 ($2.44) target price on the natural resources company’s stock. Macquarie’s price target points to a potential downside of 15.72% from the company’s previous close.
Several other analysts have also commented on the stock. Credit Suisse Group AG set a GBX 250 ($3.05) price target on shares of Glencore PLC and gave the company a “buy” rating in a research report on Friday, October 14th. Jefferies Group increased their price objective on shares of Glencore PLC from GBX 180 ($2.19) to GBX 210 ($2.56) and gave the company a “hold” rating in a report on Friday, October 14th. Societe Generale set a GBX 275 ($3.35) price objective on shares of Glencore PLC and gave the company a “buy” rating in a report on Tuesday, October 11th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 220 ($2.68) price objective on shares of Glencore PLC in a report on Thursday, October 6th. Finally, Citigroup Inc. set a GBX 180 ($2.19) price objective on shares of Glencore PLC and gave the company a “neutral” rating in a report on Friday, September 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 177.61 ($2.16).
Glencore PLC (LON:GLEN) opened at 239.20 on Monday. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 241.30. The company’s market capitalization is GBX 34.03 billion. The company’s 50-day moving average is GBX 202.35 and its 200 day moving average is GBX 170.17.
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.