Macquarie reaffirmed their neutral rating on shares of Glencore PLC (LON:GLEN) in a research report released on Monday. They currently have a GBX 200 ($2.44) target price on the natural resources company’s stock.
A number of other research analysts have also issued reports on the stock. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 140 ($1.71) target price on shares of Glencore PLC in a research report on Tuesday, July 12th. Haitong Bank upgraded shares of Glencore PLC to a buy rating and increased their price target for the stock from GBX 141 ($1.72) to GBX 194 ($2.36) in a research report on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 220 ($2.68) price target on shares of Glencore PLC and gave the stock a neutral rating in a research report on Thursday, July 14th. BNP Paribas reiterated an outperform rating and set a GBX 175 ($2.13) price target on shares of Glencore PLC in a research report on Monday, June 27th. Finally, Liberum Capital lowered shares of Glencore PLC to a sell rating and increased their price target for the stock from GBX 125 ($1.52) to GBX 140 ($1.71) in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 177.61 ($2.16).
Glencore PLC (LON:GLEN) opened at 236.75 on Monday. The company’s market cap is GBX 33.68 billion. 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 of GBX 201.38 and a 200 day moving average of GBX 169.61.
Glencore PLC Company Profile
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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