Royal Bank of Canada Raises Glencore PLC (GLEN) Price Target to GBX 450

Glencore PLC (LON:GLEN) had its price target upped by Royal Bank of Canada from GBX 410 ($5.06) to GBX 450 ($5.56) in a research note published on Thursday. They currently have an outperform rating on the natural resources company’s stock.

A number of other equities analysts have also recently commented on the company. Goldman Sachs Group Inc reaffirmed a neutral rating and issued a GBX 370 ($4.57) target price on shares of Glencore PLC in a report on Thursday, January 19th. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 440 ($5.43) target price on shares of Glencore PLC in a report on Tuesday, January 17th. Societe Generale set a GBX 370 ($4.57) target price on Glencore PLC and gave the stock a buy rating in a report on Tuesday, December 13th. Sanford C. Bernstein reaffirmed an outperform rating and issued a GBX 460 ($5.68) target price on shares of Glencore PLC in a report on Thursday, February 9th. Finally, Jefferies Group LLC raised their target price on Glencore PLC from GBX 350 ($4.32) to GBX 380 ($4.69) and gave the stock a buy rating in a report on Friday, January 6th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Glencore PLC currently has a consensus rating of Hold and an average target price of GBX 344.30 ($4.25).

Analyst Recommendations for Glencore PLC (LON:GLEN)

Shares of Glencore PLC (LON:GLEN) opened at 341.45 on Thursday. The stock’s market capitalization is GBX 48.66 billion. Glencore PLC has a 1-year low of GBX 124.55 and a 1-year high of GBX 347.00. The firm’s 50-day moving average is GBX 324.31 and its 200 day moving average is GBX 273.10.

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The firm also recently announced a dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Thursday, September 7th will be given a dividend of GBX 0.04 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.84%.

Glencore PLC Company Profile

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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