Glencore PLC (GLEN) Stock Rating Reaffirmed by Macquarie
Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reissued by analysts at Macquarie in a research note issued on Tuesday. They presently have a GBX 200 ($2.61) target price on the natural resources company’s stock. Macquarie’s price objective would indicate a potential upside of 1.47% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Haitong Bank upgraded Glencore PLC to a “buy” rating and raised their target price for the company from GBX 141 ($1.84) to GBX 194 ($2.53) in a report on Thursday, June 30th. Canaccord Genuity upgraded Glencore PLC to a “buy” rating and lifted their price objective for the stock from GBX 200 ($2.61) to GBX 215 ($2.81) in a report on Friday, July 22nd. Societe Generale upgraded Glencore PLC to a “buy” rating and lifted their price objective for the stock from GBX 160 ($2.09) to GBX 230 ($3.00) in a report on Tuesday, August 2nd. RBC Capital Markets set a GBX 210 ($2.74) price objective on Glencore PLC and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Jefferies Group lifted their price objective on Glencore PLC from GBX 150 ($1.96) to GBX 160 ($2.09) and gave the stock a “hold” rating in a report on Thursday, July 7th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 171.18 ($2.23).
Shares of Glencore PLC (LON:GLEN) opened at 205.30 on Tuesday. The company’s 50 day moving average price is GBX 187.56 and its 200 day moving average price is GBX 160.92. Glencore PLC has a one year low of GBX 66.67 and a one year high of GBX 205.40. The firm’s market capitalization is GBX 29.21 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.
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