Goldman Sachs Group set a GBX 400 ($5.23) target price on Glencore (LON:GLEN) in a report released on Tuesday. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a GBX 340 ($4.44) price objective on Glencore and gave the stock a neutral rating in a report on Monday. Royal Bank of Canada set a GBX 350 ($4.57) price objective on Glencore and gave the stock a buy rating in a report on Monday. Deutsche Bank reaffirmed a buy rating and set a GBX 450 ($5.88) price objective on shares of Glencore in a report on Tuesday, November 20th. Barclays reaffirmed an overweight rating and set a GBX 400 ($5.23) price objective on shares of Glencore in a report on Monday, November 19th. Finally, UBS Group reaffirmed a neutral rating on shares of Glencore in a report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Glencore presently has an average rating of Buy and an average target price of GBX 388.57 ($5.08).
Shares of GLEN stock opened at GBX 291 ($3.80) on Tuesday. Glencore has a 1 year low of GBX 270 ($3.53) and a 1 year high of GBX 416.91 ($5.45).
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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