Glencore PLC (GLEN) Rating Reiterated by Goldman Sachs Group Inc
Glencore PLC (LON:GLEN)‘s stock had its “conviction-buy” rating reaffirmed by stock analysts at Goldman Sachs Group Inc in a research report issued to clients and investors on Friday. They currently have a GBX 400 ($5.26) price target on the natural resources company’s stock. Goldman Sachs Group Inc’s price target would suggest a potential upside of 10.39% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. reissued a “buy” rating and issued a GBX 380 ($5.00) target price on shares of Glencore in a research note on Friday, July 28th. Liberum Capital reissued a “hold” rating and issued a GBX 285 ($3.75) target price on shares of Glencore in a research note on Thursday, August 10th. J P Morgan Chase & Co set a GBX 330 ($4.34) target price on Glencore and gave the stock a “neutral” rating in a research note on Friday, August 11th. Canaccord Genuity reissued a “buy” rating and issued a GBX 375 ($4.93) target price on shares of Glencore in a research note on Friday, August 11th. Finally, S&P Global set a GBX 300 ($3.95) target price on Glencore and gave the stock a “sell” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 382.83 ($5.04).
Shares of Glencore (GLEN) opened at GBX 362.35 ($4.77) on Friday. Glencore has a 12 month low of GBX 260.50 ($3.43) and a 12 month high of GBX 388.25 ($5.11).
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Glencore Company Profile
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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