Credit Suisse Group reaffirmed their outperform rating on shares of Glencore PLC (LON:GLEN) in a research note issued to investors on Wednesday morning. Credit Suisse Group currently has a GBX 445 ($5.85) target price on the natural resources company’s stock.
A number of other analysts have also commented on GLEN. Canaccord Genuity reiterated a buy rating and issued a GBX 375 ($4.93) price target on shares of Glencore PLC in a research note on Friday, August 11th. S&P Global set a GBX 300 ($3.95) target price on shares of Glencore PLC and gave the company a sell rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.95) target price on shares of Glencore PLC in a research report on Friday, August 11th. Societe Generale boosted their target price on shares of Glencore PLC from GBX 400 ($5.26) to GBX 470 ($6.18) and gave the company a buy rating in a research report on Thursday, November 9th. Finally, UBS AG set a GBX 350 ($4.60) target price on shares of Glencore PLC and gave the company a buy rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. Glencore PLC currently has a consensus rating of Buy and an average price target of GBX 382.83 ($5.04).
Shares of Glencore PLC (LON GLEN) traded up GBX 3.40 ($0.04) during midday trading on Wednesday, reaching GBX 353.30 ($4.65). 37,580,461 shares of the company were exchanged, compared to its average volume of 33,200,000. Glencore PLC has a one year low of GBX 258.45 ($3.40) and a one year high of GBX 388.25 ($5.11).
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About Glencore PLC
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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