Glencore PLC (GLEN) Upgraded at Credit Suisse Group AG
Credit Suisse Group AG upgraded shares of Glencore PLC (LON:GLEN) to an outperform rating in a research note published on Monday. They currently have GBX 220 ($2.87) price objective on the natural resources company’s stock, up from their previous price objective of GBX 210 ($2.74).
Several other research firms have also commented on GLEN. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 220 ($2.87) price objective on shares of Glencore PLC in a research report on Friday, August 12th. Societe Generale reiterated a buy rating and set a GBX 230 ($3.00) price objective on shares of Glencore PLC in a research report on Friday, August 12th. S&P Global Inc. set a GBX 130 ($1.70) price objective on shares of Glencore PLC and gave the company a sell rating in a research report on Friday, August 12th. Canaccord Genuity reiterated a buy rating and set a GBX 215 ($2.81) price objective on shares of Glencore PLC in a research report on Thursday, August 11th. Finally, Macquarie lowered shares of Glencore PLC to a neutral rating and set a GBX 200 ($2.61) price objective for the company. in a research report on Thursday, August 18th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 171.18 ($2.23).
Shares of Glencore PLC (LON:GLEN) opened at 206.10 on Monday. Glencore PLC has a 1-year low of GBX 66.67 and a 1-year high of GBX 206.40. The company’s market cap is GBX 29.32 billion. The company’s 50-day moving average is GBX 187.56 and its 200 day moving average is GBX 160.92.
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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