Glencore (LON:GLEN) Given a GBX 450 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a GBX 450 ($6.32) price target on Glencore (LON:GLEN) in a research note issued to investors on Tuesday, January 9th. The brokerage currently has a buy rating on the natural resources company’s stock.

Other research analysts also recently issued research reports about the stock. Barclays increased their price target on shares of Glencore from GBX 400 ($5.62) to GBX 450 ($6.32) and gave the company an overweight rating in a report on Monday, January 8th. Macquarie reaffirmed a buy rating on shares of Glencore in a report on Monday, November 6th. Credit Suisse Group increased their price target on shares of Glencore from GBX 397 ($5.58) to GBX 445 ($6.25) and gave the company an outperform rating in a report on Thursday, October 26th. Liberum Capital lowered shares of Glencore to a sell rating and increased their price objective for the stock from GBX 285 ($4.00) to GBX 300 ($4.21) in a research report on Thursday, October 26th. Finally, reissued a buy rating and issued a GBX 420 ($5.90) price objective on shares of Glencore in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have assigned a buy rating to the stock. Glencore currently has a consensus rating of Buy and a consensus target price of GBX 402.32 ($5.65).

Shares of Glencore (GLEN) traded down GBX 17.05 ($0.24) during trading on Tuesday, reaching GBX 382.75 ($5.37). 56,873,745 shares of the company traded hands, compared to its average volume of 29,910,000. Glencore has a one year low of GBX 270 ($3.79) and a one year high of GBX 416.91 ($5.85). The company has a market cap of $54,810.00 and a P/E ratio of 3,827.50.

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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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