Deutsche Bank restated their buy rating on shares of Glencore (LON:GLEN) in a report published on Tuesday morning. Deutsche Bank currently has a GBX 450 ($5.88) price objective on the natural resources company’s stock.
Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised Glencore to an overweight rating and lowered their price target for the stock from GBX 520 ($6.79) to GBX 370 ($4.83) in a 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 report on Friday, August 17th. Credit Suisse Group reissued an outperform rating and issued a GBX 480 ($6.27) price target on shares of Glencore in a 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 report on Thursday, August 2nd. Finally, Barclays reissued an overweight rating on shares of Glencore in a report on Friday, October 12th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 393.57 ($5.14).
Shares of LON GLEN opened at GBX 288.55 ($3.77) on Tuesday. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week 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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