Glencore (LON:GLEN) had its target price upped by stock analysts at Societe Generale from GBX 400 ($5.33) to GBX 470 ($6.27) in a research note issued on Thursday, November 9th. The brokerage presently has a “buy” rating on the natural resources company’s stock. Societe Generale’s price objective would indicate a potential upside of 33.52% from the stock’s current price.
GLEN has been the subject of several other reports. Jefferies Group increased their price objective on Glencore from GBX 400 ($5.33) to GBX 450 ($6.00) and gave the company a “buy” rating in a research report on Thursday, August 31st. Deutsche Bank reissued a “buy” rating on shares of Glencore in a research report on Wednesday, November 1st. UBS set a GBX 350 ($4.67) target price on Glencore and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Liberum Capital cut Glencore to a “sell” rating and raised their target price for the stock from GBX 285 ($3.80) to GBX 300 ($4.00) in a research report on Thursday, October 26th. Finally, Macquarie reaffirmed an “outperform” rating and issued a GBX 395 ($5.27) target price on shares of Glencore in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 382.83 ($5.10).
Glencore (LON:GLEN) opened at GBX 352 ($4.69) on Thursday. Glencore has a twelve month low of GBX 260.50 ($3.47) and a twelve month high of GBX 388.25 ($5.18).
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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