Barclays reissued their overweight rating on shares of Glencore (LON:GLEN) in a research note released on Monday.
Several other equities analysts have also recently issued reports on GLEN. Goldman Sachs Group set a GBX 400 ($5.23) price target on Glencore and gave the company a buy rating in a research report on Monday, November 12th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 340 ($4.44) price target on shares of Glencore in a research report on Monday, November 19th. Deutsche Bank reiterated a buy rating and set a GBX 450 ($5.88) price target on shares of Glencore in a research report on Tuesday, November 20th. Royal Bank of Canada set a GBX 350 ($4.57) price target on Glencore and gave the company a buy rating in a research report on Monday, December 3rd. Finally, Morgan Stanley set a GBX 390 ($5.10) price target on Glencore and gave the company a buy rating in a research report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Glencore currently has an average rating of Buy and a consensus target price of GBX 358.69 ($4.69).
Shares of GLEN stock opened at GBX 306.25 ($4.00) on Monday. Glencore has a 1 year low of GBX 270 ($3.53) and a 1 year high of GBX 416.91 ($5.45).
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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