Glencore (LON:GLEN) Price Target Increased to GBX 450 by Analysts at Barclays

Glencore (LON:GLEN) had its target price lifted by stock analysts at Barclays from GBX 400 ($5.62) to GBX 450 ($6.32) in a note issued to investors on Monday, January 8th. The brokerage currently has an “overweight” rating on the natural resources company’s stock. Barclays’ price objective would suggest a potential upside of 12.56% from the company’s previous close.

Several other equities research analysts have also recently commented on GLEN. Morgan Stanley set a GBX 347 ($4.87) target price on Glencore and gave the company a “neutral” rating in a research note on Tuesday, September 26th. UBS Group set a GBX 370 ($5.20) target price on Glencore and gave the company a “neutral” rating in a research note on Wednesday, October 4th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 420 ($5.90) price objective on shares of Glencore in a research note on Wednesday, October 4th. JPMorgan Chase & Co. set a GBX 310 ($4.35) price objective on Glencore and gave the stock a “neutral” rating in a research note on Wednesday, October 4th. Finally, Goldman Sachs Group set a GBX 400 ($5.62) price objective on Glencore and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 402.32 ($5.65).

Glencore (LON GLEN) traded down GBX 3.90 ($0.05) during mid-day trading on Monday, reaching GBX 399.80 ($5.61). The company had a trading volume of 36,710,000 shares, compared to its average volume of 29,730,000. Glencore has a 12-month low of GBX 270 ($3.79) and a 12-month high of GBX 416.91 ($5.85). The firm has a market cap of $57,370.00 and a PE ratio of 3,998.00.

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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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