Glencore PLC (GLEN) Rating Lowered to Sell at Liberum Capital

Liberum Capital lowered shares of Glencore PLC (LON:GLEN) to a sell rating in a report issued on Thursday, October 26th. They currently have GBX 300 ($3.95) price objective on the natural resources company’s stock, up from their previous price objective of GBX 285 ($3.75).

GLEN has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed an outperform rating and set a GBX 410 ($5.39) target price on shares of Glencore PLC in a research report on Thursday, August 31st. Macquarie restated an outperform rating and issued a GBX 395 ($5.20) price objective on shares of Glencore PLC in a research note on Wednesday, August 30th. Barclays PLC reiterated an overweight rating and set a GBX 400 ($5.26) price target on shares of Glencore PLC in a research note on Monday, September 25th. BNP Paribas set a GBX 440 ($5.79) price target on Glencore PLC and gave the stock a buy rating in a research note on Wednesday, September 6th. Finally, Credit Suisse Group increased their price target on Glencore PLC from GBX 397 ($5.22) to GBX 445 ($5.85) and gave the stock an outperform rating in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 382.83 ($5.04).

Glencore PLC (LON GLEN) traded down GBX 0.40 ($0.01) during trading hours on Thursday, hitting GBX 362.60 ($4.77). The stock had a trading volume of 24,194,698 shares, compared to its average volume of 31,870,000. Glencore PLC has a 52 week low of GBX 255.52 ($3.36) and a 52 week 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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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