Several other research firms also recently weighed in on GLEN. Jefferies Group raised their price objective on Glencore PLC from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company a hold rating in a report on Thursday, July 7th. Goldman Sachs Group Inc. set a GBX 150 ($1.86) price objective on Glencore PLC and gave the company a neutral rating in a report on Friday, August 26th. Haitong Bank raised Glencore PLC to a buy rating and raised their price objective for the company from GBX 141 ($1.75) to GBX 194 ($2.40) in a report on Thursday, June 30th. Liberum Capital reissued a sell rating and set a GBX 140 ($1.73) price objective on shares of Glencore PLC in a report on Tuesday, September 20th. Finally, Morgan Stanley set a GBX 138 ($1.71) price objective on Glencore PLC and gave the company a neutral rating in a report on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company. Glencore PLC has a consensus rating of Hold and an average price target of GBX 177.61 ($2.20).
Glencore PLC (LON:GLEN) opened at 232.00 on Tuesday. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 240.57. The company has a 50 day moving average price of GBX 199.56 and a 200-day moving average price of GBX 168.76. The company’s market capitalization is GBX 33.01 billion.
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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