Glencore (GLEN) PT Set at GBX 400 by Credit Suisse Group

Glencore (LON:GLEN) has been given a GBX 400 ($5.23) target price by equities researchers at Credit Suisse Group in a note issued to investors on Monday, December 17th. The firm presently has a “buy” rating on the natural resources company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 35.30% from the stock’s previous close.

A number of other research analysts have also commented on GLEN. JPMorgan Chase & Co. upgraded Glencore to an “overweight” rating and decreased their price objective for the company from GBX 520 ($6.79) to GBX 370 ($4.83) in a research report on Monday, September 10th. Goldman Sachs Group set a GBX 375 ($4.90) price objective on Glencore and gave the company a “buy” rating in a research report on Thursday, September 13th. UBS Group set a GBX 380 ($4.97) price target on Glencore and gave the stock a “neutral” rating in a research report on Friday, September 14th. Liberum Capital upgraded Glencore to a “hold” rating in a research report on Tuesday, September 18th. Finally, Barclays restated a “top pick” rating and issued a GBX 400 ($5.23) price target on shares of Glencore in a research report on Thursday, September 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Glencore has a consensus rating of “Buy” and a consensus price target of GBX 377.86 ($4.94).

Shares of GLEN traded up GBX 0.50 ($0.01) during mid-day trading on Monday, reaching GBX 295.65 ($3.86). The company had a trading volume of 37,614,935 shares, compared to its average volume of 46,120,000. Glencore has a twelve month low of GBX 270 ($3.53) and a twelve month high of GBX 416.91 ($5.45).

Glencore Company Profile

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

Analyst Recommendations for Glencore (LON:GLEN)

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