Glencore (GLEN) Price Target Raised to GBX 470
Glencore (LON:GLEN) had its price target boosted by equities research analysts at Credit Suisse Group from GBX 445 ($6.15) to GBX 470 ($6.49) in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 19.37% from the stock’s current price.
GLEN has been the topic of a number of other reports. Deutsche Bank restated a “buy” rating on shares of Glencore in a research report on Wednesday, November 1st. Liberum Capital downgraded shares of Glencore to a “sell” rating and raised their price target for the stock from GBX 285 ($3.94) to GBX 300 ($4.14) in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating and issued a GBX 450 ($6.22) price target on shares of Glencore in a research report on Wednesday, November 1st. Goldman Sachs Group set a GBX 450 ($6.22) price target on shares of Glencore and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Barclays raised their price target on shares of Glencore from GBX 400 ($5.53) to GBX 450 ($6.22) and gave the stock an “overweight” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 413.80 ($5.72).
Glencore (GLEN) opened at GBX 393.75 ($5.44) on Thursday. Glencore has a 52-week low of GBX 270 ($3.73) and a 52-week high of GBX 416.91 ($5.76). The stock has a market cap of $54,940.00 and a PE ratio of 3,579.55.
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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