Goldman Sachs Group Reiterates GBX 460 Price Target for Glencore (GLEN)
Goldman Sachs Group set a GBX 460 ($6.36) price objective on Glencore (LON:GLEN) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other equities analysts have also weighed in on the company. Cfra set a GBX 410 ($5.66) price objective on Glencore and gave the company a neutral rating in a research note on Thursday, February 22nd. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 470 ($6.49) price objective on shares of Glencore in a research note on Thursday, February 22nd. UBS Group reaffirmed a neutral rating and issued a GBX 380 ($5.25) price objective on shares of Glencore in a research note on Thursday, February 22nd. Royal Bank of Canada set a GBX 470 ($6.49) price objective on Glencore and gave the company a buy rating in a research note on Thursday, February 22nd. Finally, Shore Capital reaffirmed a not rated rating on shares of Glencore in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 419.45 ($5.80).
Glencore (GLEN) opened at GBX 364.20 ($5.03) on Wednesday. The firm has a market capitalization of $52,480.00 and a PE ratio of 1,255.86. Glencore has a 52 week low of GBX 270 ($3.73) and a 52 week high of GBX 416.91 ($5.76).
Glencore 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.
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.