Glencore (LON:GLEN)‘s stock had its “overweight” rating reiterated by Barclays in a report issued on Friday.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Glencore to an “overweight” rating and decreased their target price for the stock from GBX 520 ($6.79) to GBX 370 ($4.83) in a research note on Monday, September 10th. Liberum Capital upgraded shares of Glencore to a “hold” rating and set a GBX 300 ($3.92) target price for the company in a research note on Friday, August 17th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 480 ($6.27) target price on shares of Glencore in a research note on Thursday, August 16th. Goldman Sachs Group set a GBX 500 ($6.53) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Glencore in a research note on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 404.88 ($5.29).
Shares of GLEN opened at GBX 313.60 ($4.10) on Friday. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 416.91 ($5.45).
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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