Glencore’s (GLEN) Neutral Rating Reiterated at UBS Group
UBS Group restated their neutral rating on shares of Glencore (LON:GLEN) in a report released on Wednesday, investing.thisismoney.co.uk reports.
Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. raised Glencore to an overweight rating and dropped their price target for the stock from GBX 520 ($6.79) to GBX 370 ($4.83) in a research report on Monday, September 10th. Liberum Capital raised Glencore to a hold rating and set a GBX 300 ($3.92) price target for the company in a research report on Friday, August 17th. Credit Suisse Group reissued an outperform rating and set a GBX 480 ($6.27) price target on shares of Glencore in a research report on Thursday, August 16th. Goldman Sachs Group set a GBX 500 ($6.53) price target on Glencore and gave the stock a buy rating in a research report on Thursday, August 2nd. Finally, Barclays reissued an overweight rating on shares of Glencore in a research report on Friday, October 12th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 393.57 ($5.14).
Shares of GLEN stock opened at GBX 303.90 ($3.97) on Wednesday. Glencore has a 1 year low of GBX 270 ($3.53) and a 1 year 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.
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