Glencore PLC (GLEN) Receives GBX 385.83 Consensus Target Price from Brokerages
Shares of Glencore PLC (LON:GLEN) have earned an average rating of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 385.83 ($5.04).
Several research analysts have recently issued reports on the stock. Morgan Stanley set a GBX 390 ($5.10) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Tuesday, December 4th. Barclays dropped their target price on shares of Glencore from GBX 400 ($5.23) to GBX 370 ($4.83) and set an “overweight” rating on the stock in a research note on Tuesday, December 4th. Royal Bank of Canada set a GBX 360 ($4.70) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Deutsche Bank reiterated a “buy” rating and issued a GBX 450 ($5.88) target price on shares of Glencore in a research note on Tuesday, December 4th. Finally, JPMorgan Chase & Co. set a GBX 370 ($4.83) target price on shares of Glencore and gave the stock a “neutral” rating in a research note on Thursday, December 13th.
Shares of GLEN opened at GBX 292.10 ($3.82) on Friday. 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 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 to Profit and Limit Losses With Stop Orders
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.