Glencore (LON:GLEN) Given a GBX 380 Price Target by UBS Group Analysts

Glencore (LON:GLEN) has been given a GBX 380 ($5.15) price target by research analysts at UBS Group in a note issued to investors on Tuesday, December 19th, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the natural resources company’s stock. UBS Group’s price target would indicate a potential downside of 6.76% from the company’s current price.

Several other research analysts also recently weighed in on GLEN. set a GBX 420 ($5.70) target price on shares of Glencore and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Liberum Capital restated a “sell” rating and issued a GBX 300 ($4.07) target price on shares of Glencore in a research note on Monday, November 27th. Deutsche Bank restated a “buy” rating and issued a GBX 430 ($5.83) target price on shares of Glencore in a research note on Wednesday, December 13th. Citigroup restated a “buy” rating on shares of Glencore in a research note on Wednesday, August 23rd. Finally, Credit Suisse Group restated an “outperform” rating and issued a GBX 445 ($6.03) target price on shares of Glencore in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 398.61 ($5.41).

Glencore (GLEN) traded up GBX 0.80 ($0.01) on Tuesday, reaching GBX 407.55 ($5.53). 48,618,914 shares of the company’s stock traded hands, compared to its average volume of 34,680,000. Glencore has a 12 month low of GBX 270 ($3.66) and a 12 month high of GBX 411 ($5.57). The stock has a market capitalization of $58,530.00 and a P/E ratio of 3,705.00.

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About Glencore

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)

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