Glencore’s (GLEN) Neutral Rating Reiterated at UBS Group
Glencore (LON:GLEN)‘s stock had its “neutral” rating reiterated by stock analysts at UBS Group in a report released on Tuesday, www.boersen-zeitung.de reports. They currently have a GBX 360 ($4.70) target price on the natural resources company’s stock. UBS Group’s price objective suggests a potential upside of 32.26% from the stock’s previous close.
GLEN has been the topic of a number of other reports. Royal Bank of Canada set a GBX 350 ($4.57) price objective on Glencore and gave the stock a “buy” rating in a research report on Thursday, November 1st. Liberum Capital upgraded Glencore to a “hold” rating and set a GBX 300 ($3.92) price objective on the stock in a research report on Friday, August 17th. Goldman Sachs Group set a GBX 400 ($5.23) price objective on Glencore and gave the stock a “buy” rating in a research report on Monday, November 12th. Barclays reiterated an “overweight” rating and issued a GBX 400 ($5.23) price objective on shares of Glencore in a research report on Monday, November 19th. Finally, Societe Generale cut their price objective on Glencore from GBX 420 ($5.49) to GBX 370 ($4.83) and set a “buy” rating on the stock in a research report on Thursday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 388.57 ($5.08).
Shares of GLEN stock opened at GBX 272.20 ($3.56) on Tuesday. 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.
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