Barclays set a GBX 370 ($4.83) price target on Glencore (LON:GLEN) in a report released on Monday, February 4th. The brokerage currently has a buy rating on the natural resources company’s stock.
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed an outperform rating and set a GBX 480 ($6.27) price target on shares of Glencore in a report on Monday, October 29th. Jefferies Financial Group cut their price target on Glencore from GBX 440 ($5.75) to GBX 400 ($5.23) and set a buy rating for the company in a report on Tuesday, December 4th. Goldman Sachs Group set a GBX 400 ($5.23) price target on Glencore and gave the company a buy rating in a report on Friday, October 26th. HSBC raised their price target on Glencore from GBX 420 ($5.49) to GBX 450 ($5.88) and gave the company a buy rating in a report on Friday, October 26th. Finally, JPMorgan Chase & Co. set a GBX 340 ($4.44) price target on Glencore and gave the company a neutral rating in a report on Tuesday, November 6th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 359.31 ($4.70).
Shares of LON GLEN traded up GBX 0.45 ($0.01) during trading hours on Monday, hitting GBX 304.40 ($3.98). The company had a trading volume of 32,857,845 shares, compared to its average volume of 46,120,000. Glencore has a 1-year low of GBX 270 ($3.53) and a 1-year high of GBX 416.91 ($5.45).
The company also recently disclosed a dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be given a dividend of $0.10 per share. This represents a yield of 2.53%. The ex-dividend date of this dividend is Thursday, September 5th.
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.
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