Glencore PLC (GLEN) Receives GBX 379.09 Average PT from Brokerages
Shares of Glencore PLC (LON:GLEN) have been given an average rating of “Buy” by the twenty-five ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 379.09 ($4.99).
GLEN has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 410 ($5.39) price target on shares of Glencore PLC in a research note on Thursday, August 31st. Liberum Capital downgraded shares of Glencore PLC to a “sell” rating and lifted their price target for the company from GBX 285 ($3.75) to GBX 300 ($3.95) in a research note on Thursday, October 26th. Macquarie reaffirmed an “outperform” rating and issued a GBX 395 ($5.20) price target on shares of Glencore PLC in a research note on Wednesday, August 30th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 400 ($5.26) price target on shares of Glencore PLC in a research note on Monday, September 25th. Finally, BNP Paribas set a GBX 440 ($5.79) price target on shares of Glencore PLC and gave the company a “buy” rating in a research note on Wednesday, September 6th.
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Shares of Glencore PLC (LON:GLEN) traded down GBX 4.85 ($0.06) during midday trading on Friday, reaching GBX 349.90 ($4.60). 64,045,197 shares of the company were exchanged, compared to its average volume of 31,800,000. Glencore PLC has a fifty-two week low of GBX 258.45 ($3.40) and a fifty-two week high of GBX 388.25 ($5.11).
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.
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