Glencore (LON:GLEN)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a research report issued on Thursday. They currently have a GBX 470 ($6.49) target price on the natural resources company’s stock. Credit Suisse Group’s price target indicates a potential upside of 18.61% from the company’s current price.
A number of other analysts also recently weighed in on GLEN. Liberum Capital downgraded shares of Glencore to a “sell” rating and increased their target price for the company from GBX 285 ($3.94) to GBX 300 ($4.14) in a research report on Thursday, October 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 310 ($4.28) target price on shares of Glencore in a research report on Tuesday, October 31st. Macquarie reissued an “outperform” rating and set a GBX 418 ($5.78) target price on shares of Glencore in a research report on Monday, October 30th. reissued a “buy” rating and set a GBX 420 ($5.80) target price on shares of Glencore in a research report on Monday, October 30th. Finally, Jefferies Group reissued a “buy” rating and set a GBX 450 ($6.22) target price on shares of Glencore in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 419.45 ($5.80).
Shares of Glencore (GLEN) opened at GBX 396.25 ($5.47) on Thursday. The firm has a market cap of $57,010.00 and a P/E ratio of 1,366.38. Glencore has a 52-week low of GBX 270 ($3.73) and a 52-week high of GBX 416.91 ($5.76).
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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.
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