Royal Bank of Canada set a GBX 400 ($5.18) price target on Glencore (LON:GLEN) in a research report sent to investors on Wednesday, July 25th. The firm currently has a buy rating on the natural resources company’s stock.
A number of other research analysts also recently issued reports on GLEN. Citigroup restated a buy rating on shares of Glencore in a research report on Monday, May 7th. Goldman Sachs Group set a GBX 500 ($6.47) target price on shares of Glencore and gave the company a buy rating in a research report on Wednesday, July 18th. Liberum Capital restated a sell rating and set a GBX 300 ($3.88) price objective on shares of Glencore in a report on Monday, April 9th. Credit Suisse Group set a GBX 490 ($6.34) price objective on shares of Glencore and gave the stock a buy rating in a report on Tuesday, March 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Glencore from GBX 570 ($7.38) to GBX 550 ($7.12) and set an overweight rating for the company in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Glencore presently has an average rating of Buy and a consensus price target of GBX 426.56 ($5.52).
Shares of Glencore opened at GBX 321.15 ($4.16) on Wednesday, MarketBeat Ratings reports. Glencore has a 1 year low of GBX 270 ($3.50) and a 1 year high of GBX 416.91 ($5.40).
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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