JPMorgan Chase & Co. set a GBX 550 ($7.12) target price on Glencore (LON:GLEN) in a research note released on Wednesday. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other brokerages also recently issued reports on GLEN. UBS Group reissued a neutral rating and set a GBX 380 ($4.92) price target on shares of Glencore in a report on Thursday, June 7th. Credit Suisse Group set a GBX 480 ($6.21) price objective on shares of Glencore and gave the company a buy rating in a research report on Thursday, June 7th. Goldman Sachs Group set a GBX 515 ($6.67) price objective on shares of Glencore and gave the company a buy rating in a research report on Thursday, June 7th. Royal Bank of Canada restated an outperform rating and issued a GBX 410 ($5.31) price objective (down previously from GBX 410 ($5.31)) on shares of Glencore in a research report on Wednesday, June 13th. Finally, Deutsche Bank restated a buy rating and issued a GBX 450 ($5.83) price objective on shares of Glencore in a research report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 426.56 ($5.52).
Shares of Glencore opened at GBX 321.15 ($4.16) on Wednesday, Marketbeat Ratings reports. Glencore has a 12-month low of GBX 270 ($3.50) and a 12-month high of GBX 416.91 ($5.40).
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.
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