Royal Bank of Canada Reiterates “GBX 350” Price Target for Glencore (GLEN)

Royal Bank of Canada set a GBX 350 ($4.57) price objective on Glencore (LON:GLEN) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the natural resources company’s stock.

A number of other equities analysts have also recently issued reports on GLEN. HSBC set a GBX 460 ($6.01) target price on Glencore and gave the stock a buy rating in a report on Thursday, July 12th. Goldman Sachs Group set a GBX 520 ($6.79) target price on Glencore and gave the stock a buy rating in a report on Thursday, July 12th. Barclays lowered their target price on Glencore from GBX 450 ($5.88) to GBX 400 ($5.23) and set an overweight rating for the company in a report on Wednesday, July 18th. Liberum Capital reaffirmed a sell rating on shares of Glencore in a report on Tuesday, July 31st. Finally, Credit Suisse Group set a GBX 480 ($6.27) target price on Glencore and gave the stock a buy rating in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Glencore currently has a consensus rating of Buy and an average target price of GBX 393.57 ($5.14).

GLEN traded down GBX 14.10 ($0.18) on Wednesday, reaching GBX 303.90 ($3.97). The stock had a trading volume of 52,406,418 shares, compared to its average volume of 46,120,000. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 416.91 ($5.45).

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.

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Analyst Recommendations for Glencore (LON:GLEN)

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