Glencore PLC’s (LON:GLEN) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of Glencore PLC (LON:GLEN) in a research report released on Thursday. They currently have a GBX 430 ($5.60) target price on the natural resources company’s stock.
A number of other analysts have also recently issued reports on the company. Liberum Capital restated a hold rating and set a GBX 285 ($3.71) price objective on shares of Glencore PLC in a research report on Thursday. Goldman Sachs Group, Inc. (The) upped their price target on Glencore PLC from GBX 350 ($4.56) to GBX 400 ($5.21) and gave the company a buy rating in a research report on Monday, July 24th. Credit Suisse Group reiterated an outperform rating on shares of Glencore PLC in a research report on Friday, July 21st. HSBC Holdings plc lowered their price target on Glencore PLC from GBX 390 ($5.08) to GBX 380 ($4.95) and set a buy rating on the stock in a research report on Friday, July 14th. Finally, Barclays PLC reiterated an overweight rating and issued a GBX 400 ($5.21) price target on shares of Glencore PLC in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 343.04 ($4.47).
Glencore PLC (LON:GLEN) opened at 337.80 on Thursday. The firm has a 50-day moving average of GBX 301.69 and a 200-day moving average of GBX 308.72. The firm’s market cap is GBX 48.14 billion. Glencore PLC has a 12-month low of GBX 167.10 and a 12-month high of GBX 347.00.
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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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