Research analysts at Credit Suisse Group initiated coverage on shares of Glencore (LON:GLEN) in a research note issued on Monday. The firm set an “outperform” rating and a GBX 470 ($6.56) price target on the natural resources company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 21.79% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase set a GBX 570 ($7.95) target price on Glencore and gave the company a “buy” rating in a report on Monday, February 5th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 300 ($4.18) target price on shares of Glencore in a report on Thursday, January 11th. Royal Bank of Canada raised Glencore to a “top pick” rating in a report on Tuesday, April 10th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 450 ($6.28) target price on shares of Glencore in a report on Thursday, February 15th. Finally, Goldman Sachs reaffirmed a “conviction-buy” rating and issued a GBX 520 ($7.25) target price on shares of Glencore in a report on Monday, March 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 422.33 ($5.89).
Shares of GLEN stock opened at GBX 385.90 ($5.38) on Monday. Glencore has a fifty-two week low of GBX 270 ($3.77) and a fifty-two week high of GBX 416.91 ($5.81).
ILLEGAL ACTIVITY WARNING: This story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/04/25/glencore-glen-now-covered-by-credit-suisse-group.html.
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.
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.