UBS Group Analysts Give Glencore (GLEN) a GBX 380 Price Target
UBS Group set a GBX 380 ($5.15) price objective on Glencore (LON:GLEN) in a report issued on Monday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the natural resources company’s stock.
GLEN has been the subject of several other reports. Liberum Capital downgraded shares of Glencore to a sell rating and boosted their price target for the stock from GBX 285 ($3.86) to GBX 300 ($4.07) in a research note on Thursday, October 26th. Barclays reaffirmed an overweight rating and set a GBX 400 ($5.42) price objective on shares of Glencore in a research note on Monday, September 25th. Credit Suisse Group upped their price objective on shares of Glencore from GBX 397 ($5.38) to GBX 445 ($6.03) and gave the company an outperform rating in a research note on Thursday, October 26th. Goldman Sachs Group set a GBX 400 ($5.42) price objective on shares of Glencore and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, Macquarie reaffirmed an outperform rating on shares of Glencore in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 399.48 ($5.42).
Glencore (LON GLEN) traded down GBX 11.65 ($0.16) during trading on Monday, reaching GBX 390.75 ($5.30). 38,237,120 shares of the company’s stock traded hands, compared to its average volume of 31,840,000. The company has a market capitalization of $55,700.00 and a P/E ratio of 3,907.50. Glencore has a 1-year low of GBX 270 ($3.66) and a 1-year high of GBX 413 ($5.60).
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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