Glencore PLC (GLEN) Receives “Buy” Rating from HSBC Holdings plc
HSBC Holdings plc restated their buy rating on shares of Glencore PLC (LON:GLEN) in a research report sent to investors on Friday. They currently have a GBX 380 ($5.01) price target on the natural resources company’s stock.
GLEN has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 365 ($4.81) price objective (down previously from GBX 390 ($5.14)) on shares of Glencore PLC in a research report on Tuesday, April 25th. Macquarie upgraded shares of Glencore PLC to an outperform rating and set a GBX 385 ($5.08) price objective for the company in a research report on Monday, May 8th. Credit Suisse Group restated an outperform rating and set a GBX 410 ($5.41) price objective on shares of Glencore PLC in a research report on Wednesday, April 19th. Jefferies Group LLC restated a buy rating and set a GBX 380 ($5.01) price objective on shares of Glencore PLC in a research report on Tuesday, April 18th. Finally, Liberum Capital restated a hold rating and set a GBX 285 ($3.76) price objective on shares of Glencore PLC in a research report on Wednesday, May 10th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 343.04 ($4.53).
Glencore PLC (LON:GLEN) opened at 337.90 on Friday. Glencore PLC has a 12 month low of GBX 167.10 and a 12 month high of GBX 347.00. The firm’s 50-day moving average is GBX 302.78 and its 200-day moving average is GBX 308.88. The firm’s market cap is GBX 48.15 billion.
TRADEMARK VIOLATION WARNING: “Glencore PLC (GLEN) Receives “Buy” Rating from HSBC Holdings plc” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/glencore-plc-glen-receives-buy-rating-from-hsbc-holdings-plc/1464831.html.
About Glencore PLC
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.