Glencore PLC’s (GLEN) “Buy” Rating Reaffirmed at Investec

Glencore PLC (LON:GLEN)‘s stock had its “buy” rating reissued by analysts at Investec in a report issued on Monday. They presently have a GBX 356 ($4.54) price target on the natural resources company’s stock. Investec’s price objective indicates a potential upside of 26.06% from the stock’s previous close.

GLEN has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 365 ($4.65) price target (down previously from GBX 390 ($4.97)) on shares of Glencore PLC in a research report on Tuesday, April 25th. Macquarie raised Glencore PLC to an “outperform” rating and set a GBX 385 ($4.91) price target for the company in a research report on Monday, May 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 410 ($5.22) price target on shares of Glencore PLC in a research report on Wednesday, April 19th. Deutsche Bank AG upped their price target on Glencore PLC from GBX 315 ($4.01) to GBX 355 ($4.52) and gave the stock a “hold” rating in a research report on Friday, March 17th. Finally, Royal Bank Of Canada upped their price objective on Glencore PLC from GBX 410 ($5.22) to GBX 450 ($5.73) and gave the stock an “outperform” rating in a research note on Thursday, March 16th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 343.17 ($4.37).

Shares of Glencore PLC (LON GLEN) traded up 0.20% during trading on Monday, reaching GBX 280.05. 6,912,792 shares of the company traded hands. The stock’s market cap is GBX 39.91 billion. Glencore PLC has a 12 month low of GBX 134.05 and a 12 month high of GBX 347.00. The stock’s 50 day moving average price is GBX 288.65 and its 200-day moving average price is GBX 304.09.

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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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