UBS AG Analysts Give Glencore PLC (GLEN) a GBX 350 Price Target
UBS AG set a GBX 350 ($4.56) price target on Glencore PLC (LON:GLEN) in a report issued on Thursday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the natural resources company’s stock.
A number of other research firms have also recently issued reports on GLEN. Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 430 ($5.60) price objective on shares of Glencore PLC in a research report on Thursday. Liberum Capital reaffirmed a hold rating and issued a GBX 285 ($3.71) price objective on shares of Glencore PLC in a research report on Thursday. Credit Suisse Group reaffirmed an outperform rating on shares of Glencore PLC in a research report on Friday, July 21st. Barclays PLC reaffirmed an overweight rating and issued a GBX 400 ($5.21) price objective on shares of Glencore PLC in a research report on Friday, July 14th. Finally, HSBC Holdings plc cut their price objective on Glencore PLC from GBX 390 ($5.08) to GBX 380 ($4.95) and set a buy rating for the company in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 343.04 ($4.47).
Glencore PLC (LON:GLEN) opened at 337.80 on Thursday. The firm’s market capitalization is GBX 48.14 billion. The stock’s 50 day moving average price is GBX 301.69 and its 200-day moving average price is GBX 308.72. Glencore PLC has a one year low of GBX 167.10 and a one year 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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