Glencore (LON:GLEN) had its price target decreased by HSBC from GBX 460 ($6.59) to GBX 450 ($6.44) in a research report report published on Wednesday. HSBC currently has a buy rating on the natural resources company’s stock.
Other equities analysts have also recently issued research reports about the stock. Deutsche Bank reaffirmed a buy rating and issued a GBX 450 ($6.44) price target on shares of Glencore in a research report on Friday, February 2nd. Goldman Sachs set a GBX 450 ($6.44) price target on shares of Glencore and gave the company a buy rating in a research report on Tuesday, January 9th. Royal Bank of Canada set a GBX 450 ($6.44) price target on shares of Glencore and gave the company a buy rating in a research report on Thursday, January 11th. JPMorgan Chase set a GBX 570 ($8.16) price target on shares of Glencore and gave the company a buy rating in a research report on Monday, February 5th. Finally, AlphaValue raised shares of Glencore to a buy rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Glencore currently has a consensus rating of Buy and an average target price of GBX 423.29 ($6.06).
Shares of LON GLEN opened at GBX 375.41 ($5.38) on Wednesday. Glencore has a fifty-two week low of GBX 270 ($3.87) and a fifty-two week high of GBX 416.91 ($5.97).
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Glencore Company Profile
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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