Glencore PLC (GLEN) Given New GBX 355 Price Target at Deutsche Bank AG

Glencore PLC (LON:GLEN) had its target price raised by Deutsche Bank AG from GBX 315 ($3.89) to GBX 355 ($4.38) in a research report released on Friday. They currently have a hold rating on the natural resources company’s stock.

GLEN has been the subject of a number of other research reports. HSBC Holdings plc raised their price target on Glencore PLC from GBX 420 ($5.19) to GBX 435 ($5.37) and gave the company a buy rating in a research report on Wednesday, February 15th. Barclays PLC restated an overweight rating and issued a GBX 390 ($4.82) price target on shares of Glencore PLC in a research report on Tuesday, February 7th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 260 ($3.21) price target on shares of Glencore PLC in a research report on Friday, February 3rd. Societe Generale set a GBX 275 ($3.40) price target on Glencore PLC and gave the company a neutral rating in a research report on Friday, December 2nd. Finally, Canaccord Genuity restated a hold rating and issued a GBX 250 ($3.09) price target on shares of Glencore PLC in a research report on Thursday, December 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Glencore PLC currently has an average rating of Hold and a consensus price target of GBX 344.30 ($4.25).

Analyst Recommendations for Glencore PLC (LON:GLEN)

Shares of Glencore PLC (LON:GLEN) traded up 0.70% during mid-day trading on Friday, reaching GBX 344.70. 30,864,729 shares of the company traded hands. The stock’s market capitalization is GBX 49.12 billion. The company’s 50 day moving average is GBX 323.74 and its 200 day moving average is GBX 270.65. Glencore PLC has a 52-week low of GBX 124.55 and a 52-week high of GBX 347.00.

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The business also recently disclosed a dividend, which will be paid on Tuesday, September 26th. Investors of record on Thursday, September 7th will be given a dividend of GBX 0.04 ($0.00) per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.84%.

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.

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