Glencore (GLEN) Given a GBX 550 Price Target by JPMorgan Chase & Co. Analysts

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JPMorgan Chase & Co. set a GBX 550 ($7.32) price target on Glencore (LON:GLEN) in a report published on Thursday. The firm currently has a buy rating on the natural resources company’s stock.

A number of other brokerages have also recently commented on GLEN. Royal Bank of Canada raised shares of Glencore to a top pick rating in a research note on Tuesday, April 10th. Goldman Sachs Group reissued a conviction-buy rating and issued a GBX 520 ($6.92) price objective on shares of Glencore in a research note on Monday, March 26th. Deutsche Bank reissued a buy rating and issued a GBX 450 ($5.99) price objective on shares of Glencore in a research note on Thursday, February 15th. Citigroup reissued a buy rating on shares of Glencore in a research note on Monday, May 7th. Finally, Liberum Capital reissued a sell rating and issued a GBX 300 ($3.99) price objective on shares of Glencore in a research note on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the stock. Glencore has an average rating of Buy and a consensus price target of GBX 420.19 ($5.59).

Shares of Glencore opened at GBX 381.30 ($5.08) on Thursday, according to Marketbeat.com. Glencore has a 52-week low of GBX 270 ($3.59) and a 52-week high of GBX 416.91 ($5.55).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

Analyst Recommendations for Glencore (LON:GLEN)

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