Glencore PLC’s (GLEN) Outperform Rating Reiterated at Credit Suisse Group
Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group in a research note issued on Wednesday. They currently have a GBX 445 ($5.85) price objective on the natural resources company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 25.44% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Macquarie reiterated an “outperform” rating on shares of Glencore PLC in a research note on Wednesday, October 18th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 400 ($5.26) price target on shares of Glencore PLC in a research note on Monday, October 9th. Liberum Capital downgraded Glencore PLC to a “sell” rating and lifted their price target for the stock from GBX 285 ($3.75) to GBX 300 ($3.95) in a research note on Thursday, October 26th. Royal Bank Of Canada reiterated 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. Finally, set a GBX 390 ($5.13) target price on Glencore PLC and gave the company a “buy” rating in a research note on Thursday, August 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 382.83 ($5.04).
Glencore PLC (LON:GLEN) opened at GBX 354.75 ($4.67) on Wednesday. Glencore PLC has a 52 week low of GBX 258.45 ($3.40) and a 52 week high of GBX 388.25 ($5.11).
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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