Barclays Reaffirms Overweight Rating for Glencore (GLEN)

Barclays reiterated their overweight rating on shares of Glencore (LON:GLEN) in a research report report published on Tuesday morning.

Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group set a GBX 515 ($6.71) target price on Glencore and gave the company a buy rating in a research report on Tuesday, June 19th. Deutsche Bank restated a buy rating and set a GBX 450 ($5.86) target price on shares of Glencore in a research report on Thursday, June 14th. JPMorgan Chase & Co. set a GBX 550 ($7.16) target price on Glencore and gave the company a buy rating in a research report on Thursday, June 14th. Credit Suisse Group set a GBX 480 ($6.25) target price on Glencore and gave the company a buy rating in a research report on Thursday, June 7th. Finally, HSBC raised their target price on Glencore from GBX 381 ($4.96) to GBX 450 ($5.86) and gave the company a buy rating in a research report on Thursday, June 21st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Glencore presently has an average rating of Buy and a consensus price target of GBX 404.56 ($5.27).

LON:GLEN opened at GBX 337.60 ($4.40) on Tuesday. Glencore has a 52 week low of GBX 270 ($3.52) and a 52 week high of GBX 416.91 ($5.43).

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

Read More: Book Value Per Share – BVPS

Analyst Recommendations for Glencore (LON:GLEN)

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