Glencore (GLEN) Price Target Cut to GBX 400 by Analysts at Jefferies Financial Group
Glencore (LON:GLEN) had its price target decreased by Jefferies Financial Group from GBX 440 ($5.75) to GBX 400 ($5.23) in a report published on Tuesday. Jefferies Financial Group currently has a buy rating on the natural resources company’s stock.
Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a GBX 520 ($6.79) price target on shares of Glencore and gave the company a buy rating in a research report on Tuesday, August 14th. Societe Generale set a GBX 420 ($5.49) price target on shares of Glencore and gave the company a buy rating in a research report on Monday, August 13th. Credit Suisse Group set a GBX 480 ($6.27) price target on shares of Glencore and gave the company a buy rating in a research report on Thursday, August 9th. Cfra set a GBX 390 ($5.10) price target on shares of Glencore and gave the company a buy rating in a research report on Thursday, August 9th. Finally, HSBC reduced their price target on shares of Glencore from GBX 440 ($5.75) to GBX 420 ($5.49) and set a buy rating for the company in a research report on Thursday, August 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 388.57 ($5.08).
Shares of GLEN opened at GBX 279.40 ($3.65) on Tuesday. Glencore has a twelve month low of GBX 270 ($3.53) and a twelve month high of GBX 416.91 ($5.45).
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
See Also: Return on Investment (ROI)
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