Goldman Sachs Group Reiterates “GBX 450” Price Target for Glencore (GLEN)

Goldman Sachs Group set a GBX 450 ($6.10) price target on Glencore (LON:GLEN) in a research report report published on Tuesday. The firm currently has a buy rating on the natural resources company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup restated a buy rating and set a GBX 400 ($5.42) target price on shares of Glencore in a research note on Monday, October 9th. Deutsche Bank restated a buy rating and set a GBX 420 ($5.70) target price on shares of Glencore in a research note on Wednesday, October 4th. set a GBX 420 ($5.70) target price on shares of Glencore and gave the stock a buy rating in a research note on Tuesday, October 3rd. Macquarie set a GBX 420 ($5.70) target price on shares of Glencore and gave the stock a buy rating in a research note on Wednesday, October 11th. Finally, Jefferies Group restated a buy rating and set a GBX 450 ($6.10) target price on shares of Glencore in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 398.61 ($5.41).

Shares of Glencore (GLEN) opened at GBX 408.50 ($5.54) on Tuesday. Glencore has a one year low of GBX 270 ($3.66) and a one year high of GBX 411 ($5.57). The company has a market cap of $58,700.00 and a P/E ratio of 3,713.64.

TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/12/goldman-sachs-group-reiterates-gbx-450-price-target-for-glencore-glen.html.

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.

Analyst Recommendations for Glencore (LON:GLEN)

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply