Credit Suisse Group reaffirmed their outperform rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Thursday. Credit Suisse Group currently has a GBX 470 ($6.49) target price on the natural resources company’s stock.
Several other equities research analysts have also weighed in on the company. UBS Group set a GBX 380 ($5.25) target price on Glencore and gave the stock a neutral rating in a research report on Thursday. Royal Bank of Canada set a GBX 470 ($6.49) target price on Glencore and gave the stock a buy rating in a research report on Thursday. Shore Capital reaffirmed a not rated rating on shares of Glencore in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 570 ($7.88) target price on shares of Glencore in a research report on Wednesday. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 300 ($4.14) target price on shares of Glencore in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 419.45 ($5.80).
Shares of Glencore (GLEN) opened at GBX 396.25 ($5.47) on Thursday. Glencore has a 52-week low of GBX 270 ($3.73) and a 52-week high of GBX 416.91 ($5.76). The firm has a market capitalization of $57,010.00 and a price-to-earnings ratio of 1,366.38.
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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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