Glencore (LON:GLEN)‘s stock had its “sell” rating reaffirmed by Liberum Capital in a research report issued to clients and investors on Monday. They currently have a GBX 300 ($4.21) price target on the natural resources company’s stock. Liberum Capital’s target price indicates a potential downside of 14.57% from the stock’s previous close.
Several other research firms also recently commented on GLEN. Deutsche Bank lifted 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. JPMorgan Chase reiterated an “overweight” rating and issued a GBX 470 ($6.60) price objective on shares of Glencore in a report on Thursday, January 18th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 445 ($6.25) price objective on shares of Glencore in a report on Monday, January 22nd. UBS set a GBX 380 ($5.33) price objective on Glencore and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada set a GBX 450 ($6.32) price objective on Glencore and gave the stock a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 421.95 ($5.92).
GLEN opened at GBX 351.15 ($4.93) on Monday. Glencore has a 12 month low of GBX 270 ($3.79) and a 12 month high of GBX 416.91 ($5.85).
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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.
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