Trade Report: Today, Glencore PLC (GLEN) Earns Outperform Rating from BNP Paribas

Today, Glencore PLC (GLEN) Earns Outperform Rating from BNP Paribas

Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 220 ($2.87) target price on the natural resources company’s stock. BNP Paribas’ price target would indicate a potential upside of 2.59% from the stock’s current price.

GLEN has been the subject of a number of other reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 140 ($1.83) target price on shares of Glencore PLC in a research report on Tuesday, July 12th. Haitong Bank upgraded Glencore PLC to a “buy” rating and upped their target price for the company from GBX 141 ($1.84) to GBX 194 ($2.53) in a research report on Thursday, June 30th. JPMorgan Chase & Co. set a GBX 220 ($2.87) target price on Glencore PLC and gave the company a “neutral” rating in a research report on Thursday, July 14th. Liberum Capital downgraded Glencore PLC to a “sell” rating and upped their target price for the company from GBX 125 ($1.63) to GBX 140 ($1.83) in a research report on Thursday, July 28th. Finally, Independent Research GmbH set a GBX 180 ($2.35) target price on Glencore PLC and gave the company a “neutral” rating in a research report on Tuesday, July 5th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. Glencore PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 174.21 ($2.27).

Glencore PLC (LON:GLEN) traded down 0.23% during trading on Thursday, reaching GBX 214.45. The company had a trading volume of 39,029,788 shares. The firm’s market capitalization is GBX 30.51 billion. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 220.65. The firm’s 50 day moving average price is GBX 193.49 and its 200 day moving average price is GBX 165.79.

10/06/glencore-plc-glen-earns-outperform-rating-from-bnp-paribas.html

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