Glencore (LON:GLEN) received a GBX 400 ($5.23) price objective from research analysts at Credit Suisse Group in a research note issued to investors on Monday, December 17th. The firm presently has a “buy” rating on the natural resources company’s stock. Credit Suisse Group’s price target points to a potential upside of 35.52% from the company’s previous close.
GLEN has been the subject of several other reports. Morgan Stanley set a GBX 390 ($5.10) price target on Glencore and gave the stock a “buy” rating in a report on Tuesday, December 4th. Barclays lowered their price target on Glencore from GBX 400 ($5.23) to GBX 370 ($4.83) and set an “overweight” rating for the company in a report on Tuesday, December 4th. Royal Bank of Canada set a GBX 360 ($4.70) price target on Glencore and gave the stock a “buy” rating in a report on Wednesday, December 12th. Deutsche Bank restated a “buy” rating and issued a GBX 450 ($5.88) price target on shares of Glencore in a report on Tuesday, December 4th. Finally, JPMorgan Chase & Co. set a GBX 370 ($4.83) price target on Glencore and gave the stock a “neutral” rating in a report on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 377.86 ($4.94).
LON GLEN traded up GBX 2 ($0.03) on Monday, reaching GBX 295.15 ($3.86). The company had a trading volume of 25,041,938 shares, compared to its average volume of 46,120,000. Glencore has a 52 week low of GBX 270 ($3.53) and a 52 week 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.
See Also: Liquidity
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