Todays Report: The Glencore PLC (GLEN) Given Consensus Rating of “Hold” by Brokerages

The Glencore PLC (GLEN) Given Consensus Rating of “Hold” by Brokerages

Glencore PLC (LON:GLEN) has earned a consensus rating of “Hold” from the twenty-nine analysts that are covering the firm. Four research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 176.65 ($2.19).

A number of equities analysts have recently commented on the stock. Macquarie reaffirmed a “neutral” rating and issued a GBX 200 ($2.48) target price on shares of Glencore PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Glencore PLC in a research report on Thursday, August 25th. BNP Paribas reiterated an “outperform” rating and issued a GBX 220 ($2.72) price objective on shares of Glencore PLC in a research report on Thursday, October 6th. Canaccord Genuity upgraded shares of Glencore PLC to a “buy” rating and lifted their price objective for the company from GBX 200 ($2.48) to GBX 215 ($2.66) in a research report on Friday, July 22nd. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 180 ($2.23) price objective on shares of Glencore PLC in a research report on Tuesday, September 20th.

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