Glencore (LON:GLEN) had its price objective boosted by research analysts at Credit Suisse Group from GBX 445 ($6.15) to GBX 470 ($6.49) in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 19.37% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a GBX 450 ($6.22) price target on shares of Glencore in a report on Wednesday, December 13th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 450 ($6.22) price target on shares of Glencore in a report on Thursday. Goldman Sachs Group set a GBX 450 ($6.22) price target on shares of Glencore and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group set a GBX 380 ($5.25) price target on shares of Glencore and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Barclays increased their price objective on shares of Glencore from GBX 400 ($5.53) to GBX 430 ($5.94) and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Glencore has a consensus rating of “Buy” and a consensus price target of GBX 413.80 ($5.72).
Shares of Glencore (LON GLEN) opened at GBX 393.75 ($5.44) on Thursday. The firm has a market cap of $54,940.00 and a price-to-earnings ratio of 3,579.55. Glencore has a fifty-two week low of GBX 270 ($3.73) and a fifty-two week high of GBX 416.91 ($5.76).
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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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