Goldman Sachs Group, Inc. (The) Analysts Give Glencore PLC (GLEN) a GBX 400 Price Target

Glencore PLC (LON:GLEN) has been given a GBX 400 ($5.26) price objective by analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 10.45% from the stock’s current price.

Other research analysts also recently issued research reports about the company. UBS AG set a GBX 390 ($5.13) target price on Glencore PLC and gave the company a “buy” rating in a research note on Monday, June 12th. HSBC Holdings plc reissued a “buy” rating and set a GBX 380 ($5.00) target price on shares of Glencore PLC in a research note on Friday, July 28th. Liberum Capital reissued a “hold” rating and set a GBX 285 ($3.75) target price on shares of Glencore PLC in a research note on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and set a GBX 375 ($4.93) target price on shares of Glencore PLC in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co set a GBX 330 ($4.34) target price on Glencore PLC and gave the company a “neutral” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. Glencore PLC presently has a consensus rating of “Buy” and an average target price of GBX 373.75 ($4.91).

Glencore PLC (LON:GLEN) opened at 362.15 on Tuesday. The firm’s market capitalization is GBX 51.65 billion. The company has a 50-day moving average of GBX 354.84 and a 200-day moving average of GBX 318.21. Glencore PLC has a 1-year low of GBX 218.50 and a 1-year high of GBX 374.70.

TRADEMARK VIOLATION WARNING: “Goldman Sachs Group, Inc. (The) Analysts Give Glencore PLC (GLEN) a GBX 400 Price Target” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/10/goldman-sachs

Other research analysts also recently issued research reports about the company. UBS AG set a GBX 390 ($5.13) target price on Glencore PLC and gave the company a “buy” rating in a research note on Monday, June 12th. HSBC Holdings plc reissued a “buy” rating and set a GBX 380 ($5.00) target price on shares of Glencore PLC in a research note on Friday, July 28th. Liberum Capital reissued a “hold” rating and set a GBX 285 ($3.75) target price on shares of Glencore PLC in a research note on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and set a GBX 375 ($4.93) target price on shares of Glencore PLC in a research note on Friday, August 11th. Finally, J P Morgan Chase & Co set a GBX 330 ($4.34) target price on Glencore PLC and gave the company a “neutral” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. Glencore PLC presently has a consensus rating of “Buy” and an average target price of GBX 373.75 ($4.91).

Glencore PLC (LON:GLEN) opened at 362.15 on Tuesday. The firm’s market capitalization is GBX 51.65 billion. The company has a 50-day moving average of GBX 354.84 and a 200-day moving average of GBX 318.21. Glencore PLC has a 1-year low of GBX 218.50 and a 1-year high of GBX 374.70.

TRADEMARK VIOLATION WARNING: “Goldman Sachs Group, Inc. (The) Analysts Give Glencore PLC (GLEN) a GBX 400 Price Target” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/10/goldman-sachs-group-inc-the-analysts-give-glencore-plc-glen-a-gbx-400-price-target.html.

In other news, insider Martin J. Gilbert purchased 50,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of GBX 338 ($4.44) per share, for a total transaction of £169,000 ($222,193.01).

Glencore PLC 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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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