Glencore (LON:GLEN) had its price target decreased by Jefferies Financial Group from GBX 440 ($5.75) to GBX 400 ($5.23) in a research report sent to investors on Tuesday morning. Jefferies Financial Group currently has a buy rating on the natural resources company’s stock.
Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. set a GBX 550 ($7.19) target price on shares of Glencore and gave the stock a buy rating in a report on Wednesday, August 8th. Goldman Sachs Group set a GBX 500 ($6.53) target price on shares of Glencore and gave the stock a buy rating in a report on Wednesday, August 8th. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 400 ($5.23) target price on shares of Glencore in a report on Wednesday, August 8th. Credit Suisse Group set a GBX 480 ($6.27) target price on shares of Glencore and gave the stock a buy rating in a report on Thursday, August 9th. Finally, Cfra set a GBX 390 ($5.10) target price on shares of Glencore and gave the stock a buy rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Glencore has a consensus rating of Buy and an average target price of GBX 388.57 ($5.08).
Shares of GLEN opened at GBX 276.40 ($3.61) on Tuesday. Glencore has a 12 month low of GBX 270 ($3.53) and a 12 month high of GBX 416.91 ($5.45).
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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