Glencore (LON:GLEN) had its price target trimmed by Barclays from GBX 400 ($5.23) to GBX 370 ($4.83) in a research note issued to investors on Tuesday. The brokerage currently has an overweight rating on the natural resources company’s stock.

Several other analysts also recently issued reports on GLEN. JPMorgan Chase & Co. set a GBX 550 ($7.19) price objective on Glencore and gave the company a buy rating in a research report on Wednesday, August 8th. Goldman Sachs Group set a GBX 500 ($6.53) price objective on Glencore and gave the company a buy rating in a research report on Wednesday, August 8th. Royal Bank of Canada restated an outperform rating and issued a GBX 400 ($5.23) price objective on shares of Glencore in a research report on Wednesday, August 8th. Credit Suisse Group set a GBX 480 ($6.27) price objective on Glencore and gave the company a buy rating in a research report on Thursday, August 9th. Finally, Cfra set a GBX 390 ($5.10) price objective on Glencore and gave the company a buy rating in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 388.57 ($5.08).

Glencore stock opened at GBX 276.40 ($3.61) on Tuesday. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 416.91 ($5.45).

Glencore Company Profile

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.

Recommended Story: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for Glencore (LON:GLEN)

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.