The Glencore PLC (GLEN) Given a GBX 250 Price Target at Credit Suisse Group AG

The Glencore PLC (GLEN) Given a GBX 250 Price Target at Credit Suisse Group AG

Glencore PLC (LON:GLEN) received a GBX 250 ($3.09) target price from equities research analysts at Credit Suisse Group AG in a note issued to investors on Friday. The brokerage currently has a a “buy” rating on the natural resources company’s stock. Credit Suisse Group AG’s target price would suggest a potential upside of 8.30% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Societe Generale set a GBX 275 ($3.40) target price on shares of Glencore PLC and gave the stock a “buy” rating in a report on Tuesday. Goldman Sachs Group Inc. set a GBX 150 ($1.86) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research report on Friday, August 26th. RBC Capital Markets set a GBX 210 ($2.60) target price on shares of Glencore PLC and gave the company a “buy” rating in a research report on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.23) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research report on Friday, September 30th. Finally, Jefferies Group cut their target price on shares of Glencore PLC from GBX 200 ($2.48) to GBX 180 ($2.23) and set a “hold” rating on the stock in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 177.61 ($2.20).

Shares of Glencore PLC (LON:GLEN) opened at 232.30 on Friday. The firm’s 50-day moving average price is GBX 198.74 and its 200-day moving average price is GBX 168.24. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 240.57. The firm’s market capitalization is GBX 33.05 billion.

Related posts

Leave a Comment