Glencore (GLEN) Given New GBX 520 Price Target at Goldman Sachs

Glencore (LON:GLEN) had its target price lifted by Goldman Sachs from GBX 460 ($6.46) to GBX 520 ($7.30) in a research report report published on Wednesday, March 14th. The firm currently has a conviction-buy rating on the natural resources company’s stock.

A number of other research firms have also commented on GLEN. Cfra set a GBX 410 ($5.76) price target on shares of Glencore and gave the stock a neutral rating in a research report on Thursday, February 22nd. Shore Capital reissued a not rated rating on shares of Glencore in a research report on Wednesday, February 21st. Deutsche Bank increased their price objective on Glencore from GBX 430 ($6.04) to GBX 450 ($6.32) and gave the stock a buy rating in a report on Monday, January 15th. Liberum Capital restated a sell rating and issued a GBX 300 ($4.21) price objective on shares of Glencore in a report on Monday, November 27th. Finally, UBS set a GBX 380 ($5.33) price objective on Glencore and gave the stock a neutral rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 421.95 ($5.92).

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GLEN stock traded down GBX 7.60 ($0.11) during mid-day trading on Wednesday, reaching GBX 351.15 ($4.93). 37,116,281 shares of the stock traded hands, compared to its average volume of 46,120,000. Glencore has a 52-week low of GBX 270 ($3.79) and a 52-week high of GBX 416.91 ($5.85).

The business also recently declared a dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a yield of 1.81%.

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Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

Analyst Recommendations for Glencore (LON:GLEN)

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