Glencore PLC (LON:GLEN) PT Lowered to GBX 320
Glencore PLC (LON:GLEN) had its price target trimmed by J P Morgan Chase & Co from GBX 330 ($4.35) to GBX 320 ($4.22) in a research note released on Friday. The brokerage currently has a neutral rating on the natural resources company’s stock.
GLEN has been the topic of several other reports. Macquarie reissued an outperform rating and set a GBX 385 ($5.08) price objective on shares of Glencore PLC in a research report on Monday, May 15th. Jefferies Group LLC reissued a buy rating and set a GBX 380 ($5.01) price objective on shares of Glencore PLC in a research report on Thursday, June 1st. UBS AG set a GBX 350 ($4.62) price objective on shares of Glencore PLC and gave the stock a buy rating in a research report on Thursday, July 6th. Credit Suisse Group reissued an outperform rating and set a GBX 410 ($5.41) price objective on shares of Glencore PLC in a research report on Tuesday, May 9th. Finally, Liberum Capital reissued a hold rating and set a GBX 285 ($3.76) price objective on shares of Glencore PLC in a research report on Monday, June 12th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 343.04 ($4.53).
Shares of 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 stock’s market capitalization is GBX 48.15 billion. The firm has a 50-day moving average of GBX 302.78 and a 200 day moving average of GBX 308.88.
Glencore PLC 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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