BNP Paribas restated their outperform rating on shares of Glencore PLC (LON:GLEN) in a research report report published on Thursday morning. They currently have a GBX 220 ($2.72) price target on the natural resources company’s stock.
Several other research analysts have also weighed in on the stock. Citigroup Inc. set a GBX 180 ($2.23) price objective on shares of Glencore PLC and gave the company a neutral rating in a research note on Friday, September 30th. Canaccord Genuity lowered shares of Glencore PLC to a hold rating and upped their price objective for the company from GBX 215 ($2.66) to GBX 220 ($2.72) in a research note on Tuesday, September 27th. Liberum Capital upgraded shares of Glencore PLC to a hold rating and increased their price target for the stock from GBX 140 ($1.73) to GBX 185 ($2.29) in a research note on Thursday, September 22nd. Macquarie restated a neutral rating and set a GBX 200 ($2.48) price target on shares of Glencore PLC in a research note on Tuesday, September 20th. Finally, Jefferies Group restated a hold rating and set a GBX 180 ($2.23) price target on shares of Glencore PLC in a research note on Tuesday, September 20th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 175.46 ($2.17).
Shares of Glencore PLC (LON:GLEN) opened at 221.90 on Thursday. The stock has a 50 day moving average of GBX 195.86 and a 200 day moving average of GBX 167.43. The company’s market cap is GBX 31.57 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 230.60.
About Glencore PLC
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.
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