Shares of Glencore PLC (LON:GLEN) have earned a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the firm. Four analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 176.65 ($2.19).
A number of equities research analysts have recently commented on GLEN shares. Jefferies Group raised their price target on Glencore PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the stock a “hold” rating in a research report on Thursday, July 7th. Goldman Sachs Group Inc. set a GBX 150 ($1.86) target price on Glencore PLC and gave the company a “neutral” rating in a research report on Friday, August 26th. Haitong Bank raised Glencore PLC to a “buy” rating and lifted their target price for the company from GBX 141 ($1.75) to GBX 194 ($2.40) in a research report on Thursday, June 30th. Liberum Capital reissued a “sell” rating and issued a GBX 140 ($1.73) target price on shares of Glencore PLC in a research report on Tuesday, September 20th. Finally, Morgan Stanley set a GBX 138 ($1.71) target price on Glencore PLC and gave the company a “neutral” rating in a research report on Wednesday, June 29th.
Glencore PLC (LON:GLEN) opened at 230.40 on Friday. The firm’s market capitalization is GBX 32.78 billion. Glencore PLC has a one year low of GBX 69.26 and a one year high of GBX 240.57. The stock’s 50 day moving average price is GBX 199.56 and its 200-day moving average price is GBX 168.76.
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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