Goldman Sachs Group set a GBX 460 ($6.36) price target on Glencore (LON:GLEN) in a research report released on Thursday. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other research firms also recently weighed in on GLEN. Liberum Capital reissued a sell rating and set a GBX 300 ($4.14) price objective on shares of Glencore in a report on Thursday, January 11th. Deutsche Bank raised their price objective on Glencore from GBX 430 ($5.94) to GBX 450 ($6.22) and gave the company a buy rating in a report on Monday, January 15th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 470 ($6.49) price objective on shares of Glencore in a report on Thursday, January 18th. Credit Suisse Group reissued an outperform rating and set a GBX 445 ($6.15) price objective on shares of Glencore in a report on Monday, January 22nd. Finally, UBS Group set a GBX 380 ($5.25) price objective on Glencore and gave the company a neutral rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Glencore presently has a consensus rating of Buy and an average target price of GBX 419.45 ($5.80).
Shares of Glencore (GLEN) opened at GBX 400.85 ($5.54) on Thursday. Glencore has a twelve month low of GBX 270 ($3.73) and a twelve month high of GBX 416.91 ($5.76). The firm has a market capitalization of $57,860.00 and a price-to-earnings ratio of 1,382.24.
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.
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