Liberum Capital cut shares of Glencore PLC (LON:GLEN) to a sell rating in a report published on Thursday, October 26th. They currently have GBX 300 ($3.95) target price on the natural resources company’s stock, up from their previous target price of GBX 285 ($3.75).
Other analysts also recently issued reports about the stock. UBS AG set a GBX 350 ($4.60) price objective on shares of Glencore PLC and gave the company a buy rating in a research report on Thursday, July 6th. Canaccord Genuity restated a buy rating and set a GBX 375 ($4.93) price target on shares of Glencore PLC in a research report on Friday, August 11th. S&P Global set a GBX 300 ($3.95) price target on shares of Glencore PLC and gave the stock a sell rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.95) price target on shares of Glencore PLC in a research report on Friday, August 11th. Finally, Credit Suisse Group AG boosted their target price on shares of Glencore PLC from GBX 390 ($5.13) to GBX 400 ($5.26) and gave the stock an outperform rating in a report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. Glencore PLC presently has an average rating of Buy and a consensus target price of GBX 382.83 ($5.04).
Shares of Glencore PLC (GLEN) traded down GBX 9.20 ($0.12) during mid-day trading on Thursday, reaching GBX 354.75 ($4.67). 32,179,960 shares of the company’s stock traded hands, compared to its average volume of 31,800,000. Glencore PLC has a 52 week low of GBX 258.45 ($3.40) and a 52 week high of GBX 388.25 ($5.11).
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About Glencore PLC
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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