Glencore PLC (GLEN) Receives GBX 337 Average Target Price from Analysts

Glencore PLC (LON:GLEN) has earned an average rating of “Hold” from the twenty-five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 342.86 ($4.48).

Several analysts have commented on GLEN shares. Jefferies Group LLC restated a “buy” rating and issued a GBX 380 ($4.96) price objective on shares of Glencore PLC in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 365 ($4.77) price objective (down from GBX 390 ($5.09)) on shares of Glencore PLC in a report on Tuesday, April 25th. Shore Capital restated a “buy” rating on shares of Glencore PLC in a report on Tuesday, May 23rd. UBS AG set a GBX 390 ($5.09) target price on shares of Glencore PLC and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 390 ($5.09) target price on shares of Glencore PLC in a research note on Tuesday, June 13th.

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Shares of Glencore PLC (GLEN) opened at 320.80 on Tuesday. Glencore PLC has a 12 month low of GBX 167.10 and a 12 month high of GBX 347.00. The company has a 50-day moving average price of GBX 287.90 and a 200-day moving average price of GBX 303.41. The company’s market capitalization is GBX 45.72 billion.

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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