Barclays reiterated their overweight rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Wednesday morning. They currently have a GBX 450 ($6.10) target price on the natural resources company’s stock.
A number of other research analysts also recently commented on the company. Macquarie restated an outperform rating on shares of Glencore in a research note on Wednesday, October 18th. Societe Generale boosted their target price on Glencore from GBX 400 ($5.42) to GBX 470 ($6.37) and gave the company a buy rating in a research note on Thursday, November 9th. Citigroup restated a buy rating and issued a GBX 400 ($5.42) target price on shares of Glencore in a research note on Monday, October 9th. Liberum Capital downgraded Glencore to a sell rating and boosted their target price for the company from GBX 285 ($3.86) to GBX 300 ($4.07) in a research note on Thursday, October 26th. Finally, Goldman Sachs Group restated a conviction-buy rating and issued a GBX 400 ($5.42) target price on shares of Glencore in a research note on Friday, November 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. Glencore has an average rating of Buy and a consensus target price of GBX 399.48 ($5.42).
Glencore (LON GLEN) opened at GBX 400.03 ($5.42) on Wednesday. Glencore has a 52 week low of GBX 270 ($3.66) and a 52 week high of GBX 413 ($5.60). The company has a market capitalization of $56,600.00 and a PE ratio of 4,000.30.
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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