Glencore PLC’s (GLEN) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Glencore PLC (LON:GLEN) in a research report report published on Wednesday, November 1st. Jefferies Group LLC currently has a GBX 450 ($5.92) price target on the natural resources company’s stock.

GLEN has been the subject of a number of other research reports. UBS AG set a GBX 350 ($4.60) price target on shares of Glencore PLC and gave the stock a buy rating in a research note on Wednesday, August 30th. Liberum Capital cut shares of Glencore PLC to a sell rating and lifted their target price for the company from GBX 285 ($3.75) to GBX 300 ($3.95) in a report on Thursday, October 26th. Macquarie reaffirmed an outperform rating and issued a GBX 395 ($5.20) target price on shares of Glencore PLC in a report on Friday, September 15th. Morgan Stanley set a GBX 347 ($4.56) price objective on shares of Glencore PLC and gave the company a neutral rating in a research note on Tuesday, September 26th. Finally, Citigroup Inc. restated a buy rating and set a GBX 400 ($5.26) target price on shares of Glencore PLC in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 382.83 ($5.04).

Glencore PLC (GLEN) traded up GBX 6.40 ($0.08) during midday trading on Wednesday, hitting GBX 359.85 ($4.73). 26,156,796 shares of the stock traded hands, compared to its average volume of 33,970,000. Glencore PLC has a twelve month low of GBX 258.45 ($3.40) and a twelve month high of GBX 388.25 ($5.11).

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About Glencore PLC

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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