Glencore PLC (LON:GLEN) had its price target cut by Goldman Sachs Group, Inc. (The) from GBX 360 ($4.66) to GBX 350 ($4.53) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the natural resources company’s stock.
A number of other equities analysts have also recently weighed in on GLEN. J P Morgan Chase & Co raised Glencore PLC to a neutral rating and raised their price objective for the company from GBX 260 ($3.37) to GBX 330 ($4.27) in a report on Tuesday, March 7th. Liberum Capital reissued a hold rating and set a GBX 285 ($3.69) price objective on shares of Glencore PLC in a report on Tuesday, March 14th. HSBC Holdings plc reissued a buy rating and set a GBX 435 ($5.63) price objective on shares of Glencore PLC in a report on Wednesday, March 15th. Royal Bank of Canada raised their price objective on Glencore PLC from GBX 410 ($5.31) to GBX 450 ($5.83) and gave the company an outperform rating in a report on Thursday, March 16th. Finally, Deutsche Bank AG raised their price objective on Glencore PLC from GBX 315 ($4.08) to GBX 355 ($4.60) and gave the company a hold rating in a report on Friday, March 17th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 341.87 ($4.43).
Shares of Glencore PLC (GLEN) opened at 293.30 on Wednesday. The stock’s 50 day moving average price is GBX 287.90 and its 200 day moving average price is GBX 303.41. Glencore PLC has a 12-month low of GBX 164.20 and a 12-month high of GBX 347.00. The company’s market capitalization is GBX 41.80 billion.
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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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