Jefferies Group Reiterates Hold Rating for Glencore PLC (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They presently have a GBX 180 ($2.35) price target on the natural resources company’s stock. Jefferies Group’s price objective would indicate a potential downside of 8.68% from the company’s previous close.
A number of other equities analysts have also weighed in on GLEN. JPMorgan Chase & Co. reiterated a “neutral” rating and issued 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 issued 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. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 210 ($2.74) price objective on shares of Glencore PLC in a research report on Monday, August 15th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 215 ($2.81) price objective on shares of Glencore PLC in a research report on Thursday, August 11th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Glencore PLC presently has an average rating of “Hold” and a consensus price target of GBX 171.18 ($2.23).
Shares of Glencore PLC (LON:GLEN) opened at 203.60 on Tuesday. The firm’s market capitalization is GBX 28.97 billion. The stock has a 50 day moving average of GBX 187.56 and a 200-day moving average of GBX 160.92. Glencore PLC has a 12 month low of GBX 66.67 and a 12 month high of GBX 204.40.
About Glencore PLC
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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