Glencore PLC (LON:GLEN) has earned a consensus recommendation of “Buy” from the twenty-five research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 379.09 ($4.99).
Several research analysts recently weighed in on GLEN shares. Credit Suisse Group reissued an “outperform” rating on shares of Glencore PLC in a research note on Friday, July 21st. Macquarie reissued an “outperform” rating on shares of Glencore PLC in a research note on Wednesday, October 18th. Citigroup Inc. reissued a “buy” rating and set a GBX 400 ($5.26) price objective on shares of Glencore PLC in a research note on Monday, October 9th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 410 ($5.39) price objective on shares of Glencore PLC in a research note on Thursday, August 31st. Finally, HSBC Holdings plc set a GBX 390 ($5.13) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, August 31st.
Glencore PLC (GLEN) traded down GBX 0.40 ($0.01) during trading on Friday, reaching GBX 362.60 ($4.77). 24,194,698 shares of the company traded hands, compared to its average volume of 31,870,000. Glencore PLC has a twelve month low of GBX 255.52 ($3.36) and a twelve month high of GBX 388.25 ($5.11).
About Glencore PLC
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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