Glencore (GLEN) Receives Conviction-Buy Rating from Goldman Sachs Group
Other research analysts also recently issued research reports about the company. set a GBX 420 ($5.65) target price on Glencore and gave the company a buy rating in a research note on Tuesday, October 3rd. Deutsche Bank boosted their target price on Glencore from GBX 420 ($5.65) to GBX 430 ($5.79) and gave the company a buy rating in a research note on Friday, October 13th. Beaufort Securities restated a long term buy rating and issued a GBX 400 ($5.38) target price on shares of Glencore in a research note on Thursday, August 17th. J P Morgan Chase & Co set a GBX 310 ($4.17) target price on Glencore and gave the company a neutral rating in a research note on Wednesday, October 4th. Finally, Macquarie restated an outperform rating and issued a GBX 400 ($5.38) target price on shares of Glencore in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 396.43 ($5.34).
Glencore (LON:GLEN) opened at GBX 362.75 ($4.88) on Wednesday. Glencore has a 52 week low of GBX 260.50 ($3.51) and a 52 week high of GBX 388.25 ($5.23).
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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