Glencore PLC (LON:GLEN) had its target price boosted by analysts at Jefferies Group from GBX 180 ($2.23) to GBX 210 ($2.60) in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the natural resources company’s stock. Jefferies Group’s price objective would indicate a potential downside of 9.03% from the stock’s previous close.
Several other analysts have also commented on the company. Societe Generale set a GBX 275 ($3.40) price objective on Glencore PLC and gave the company a “buy” rating in a report on Tuesday. BNP Paribas reiterated an “outperform” rating and set a GBX 220 ($2.72) price objective on shares of Glencore PLC in a report on Thursday, October 6th. Citigroup Inc. set a GBX 180 ($2.23) price objective on Glencore PLC and gave the company a “neutral” rating in a report on Friday, September 30th. Canaccord Genuity lowered Glencore PLC to a “hold” rating and increased their price objective for the company from GBX 215 ($2.66) to GBX 220 ($2.72) in a report on Tuesday, September 27th. Finally, Liberum Capital upgraded Glencore PLC to a “hold” rating and increased their price objective for the company from GBX 140 ($1.73) to GBX 185 ($2.29) in a report on Thursday, September 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 176.54 ($2.18).
Glencore PLC (LON:GLEN) opened at 233.65 on Friday. The stock’s market capitalization is GBX 33.24 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 240.57. The company’s 50-day moving average price is GBX 198.74 and its 200 day moving average price is GBX 168.24.