Glencore (LON:GLEN) received a GBX 380 ($5.11) price objective from investment analysts at UBS in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the natural resources company’s stock. UBS’s price target would indicate a potential upside of 13.79% from the company’s current price.
GLEN has been the topic of several other research reports. Jefferies Group lifted their target price on Glencore from GBX 400 ($5.38) to GBX 450 ($6.06) and gave the company a “buy” rating in a research note on Thursday, August 31st. Deutsche Bank restated a “buy” rating on shares of Glencore in a report on Wednesday, November 1st. Liberum Capital cut Glencore to a “sell” rating and raised their price target for the company from GBX 285 ($3.84) to GBX 300 ($4.04) in a report on Thursday, October 26th. Macquarie restated an “outperform” rating and set a GBX 395 ($5.32) price target on shares of Glencore in a report on Friday, September 15th. Finally, Morgan Stanley set a GBX 347 ($4.67) price target on Glencore and gave the company a “neutral” rating in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 389.04 ($5.24).
Shares of Glencore (GLEN) opened at GBX 333.95 ($4.49) on Wednesday. Glencore has a 12 month low of GBX 260.50 ($3.51) and a 12 month high of GBX 388.25 ($5.23).
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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