Glencore’s (GLEN) Overweight Rating Reiterated at Barclays
Barclays reaffirmed their overweight rating on shares of Glencore (LON:GLEN) in a research note issued to investors on Wednesday morning. They currently have a GBX 450 ($6.10) target price on the natural resources company’s stock.
Several other research analysts also recently commented on the company. Macquarie reaffirmed an outperform rating on shares of Glencore in a report on Wednesday, October 18th. Societe Generale lifted their target price on Glencore from GBX 400 ($5.42) to GBX 470 ($6.37) and gave the stock a buy rating in a report on Thursday, November 9th. Citigroup reaffirmed a buy rating and set a GBX 400 ($5.42) target price on shares of Glencore in a report on Monday, October 9th. Liberum Capital downgraded Glencore to a sell rating and lifted their target price for the stock from GBX 285 ($3.86) to GBX 300 ($4.07) in a report on Thursday, October 26th. Finally, Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 400 ($5.42) target price on shares of Glencore in a report on Friday, November 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 399.48 ($5.42).
Glencore (LON GLEN) opened at GBX 401.90 ($5.45) on Wednesday. The company has a market capitalization of $58,240.00 and a PE ratio of 4,019.00. Glencore has a twelve month low of GBX 270 ($3.66) and a twelve month high of GBX 413 ($5.60).
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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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