Glencore (LON:GLEN) has been given a GBX 380 ($5.11) target price by research analysts at UBS in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the natural resources company’s stock. UBS’s price objective would suggest a potential upside of 8.66% from the stock’s current price.

A number of other analysts have also recently issued reports on GLEN. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 320 ($4.31) price objective on shares of Glencore in a research note on Wednesday. Deutsche Bank reaffirmed a “buy” rating and set a GBX 430 ($5.79) target price on shares of Glencore in a research note on Wednesday. Citigroup reaffirmed a “buy” rating and set a GBX 410 ($5.52) target price on shares of Glencore in a research note on Wednesday. Jefferies Group reaffirmed a “buy” rating and set a GBX 450 ($6.06) target price on shares of Glencore in a research note on Wednesday. Finally, Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Glencore in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 392.09 ($5.28).

Shares of Glencore (LON:GLEN) opened at GBX 349.70 ($4.71) on Wednesday. Glencore has a 52 week low of GBX 260.50 ($3.51) and a 52 week high of GBX 388.25 ($5.23).

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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.

Analyst Recommendations for Glencore (LON:GLEN)

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