Barclays set a GBX 450 ($6.22) price objective on Glencore (LON:GLEN) in a research report report published on Monday. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. set a GBX 570 ($7.88) target price on Glencore and gave the stock a buy rating in a research report on Monday, February 5th. Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 400 ($5.53) target price on shares of Glencore in a research report on Friday, November 24th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 445 ($6.15) target price on shares of Glencore in a research report on Wednesday, November 15th. Liberum Capital reaffirmed a sell rating and set a GBX 300 ($4.14) target price on shares of Glencore in a research report on Thursday, January 11th. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 430 ($5.94) target price on shares of Glencore in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 419.45 ($5.80).
Glencore (GLEN) opened at GBX 375.80 ($5.19) on Monday. The stock has a market capitalization of $54,210.00 and a price-to-earnings ratio of 1,252.67. Glencore has a 12-month low of GBX 270 ($3.73) and a 12-month high of GBX 416.91 ($5.76).
TRADEMARK VIOLATION WARNING: “Glencore (GLEN) Given a GBX 450 Price Target by Barclays Analysts” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.themarketsdaily.com/2018/03/13/glencore-glen-given-a-gbx-450-price-target-by-barclays-analysts.html.
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.
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.