Glencore (GLEN) Given a GBX 450 Price Target at Goldman Sachs Group
Goldman Sachs Group set a GBX 450 ($6.10) price target on Glencore (LON:GLEN) in a research note released on Tuesday. The brokerage currently has a buy rating on the natural resources company’s stock.
A number of other analysts also recently issued reports on GLEN. Deutsche Bank reaffirmed a hold rating on shares of Glencore in a report on Friday, September 15th. Macquarie reaffirmed an outperform rating and set a GBX 395 ($5.36) price target on shares of Glencore in a report on Friday, September 15th. Barclays reaffirmed an overweight rating and set a GBX 400 ($5.42) price target on shares of Glencore in a report on Monday, September 25th. Morgan Stanley set a GBX 347 ($4.71) price target on Glencore and gave the stock a neutral rating in a report on Tuesday, September 26th. Finally, set a GBX 420 ($5.70) price target on Glencore and gave the stock a buy rating in a report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 398.61 ($5.41).
Shares of Glencore (LON:GLEN) traded up GBX 3.79 ($0.05) during midday trading on Tuesday, reaching GBX 401.99 ($5.45). The company’s stock had a trading volume of 50,900,000 shares, compared to its average volume of 34,670,000. The stock has a market cap of $57,980.00 and a P/E ratio of 3,654.45. Glencore has a 12 month low of GBX 270 ($3.66) and a 12 month high of GBX 405.35 ($5.50).
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Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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