Societe Generale set a GBX 275 ($3.40) price objective on Glencore PLC (LON:GLEN) in a research note released on Tuesday. The firm currently has a a buy rating on the natural resources company’s stock.
A number of other equities analysts have also weighed in on the company. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 140 ($1.73) price objective on shares of Glencore PLC in a research note on Tuesday, July 12th. Haitong Bank raised Glencore PLC to a buy rating and upped their price objective for the stock from GBX 141 ($1.75) to GBX 194 ($2.40) in a research note on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 220 ($2.72) price objective on Glencore PLC and gave the stock a neutral rating in a research note on Thursday, July 14th. BNP Paribas reaffirmed an outperform rating and issued a GBX 175 ($2.17) price objective on shares of Glencore PLC in a research note on Monday, June 27th. Finally, Liberum Capital lowered Glencore PLC to a sell rating and upped their price objective for the stock from GBX 125 ($1.55) to GBX 140 ($1.73) in a research note on Thursday, July 28th. Four research 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 company has an average rating of Hold and an average price target of GBX 176.54 ($2.18).
Glencore PLC (LON:GLEN) opened at 233.50 on Tuesday. The company’s 50-day moving average price is GBX 198.74 and its 200 day moving average price is GBX 168.24. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 240.57. The company’s market capitalization is GBX 33.22 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.