Shares of Glencore PLC (LON:GLEN) have been assigned an average rating of “Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 392.86 ($5.25).

A number of brokerages have recently weighed in on GLEN. Barclays lifted their price target on shares of Glencore from GBX 400 ($5.35) to GBX 430 ($5.75) and gave the stock an “overweight” rating in a research report on Tuesday, October 24th. Macquarie reissued a “buy” rating on shares of Glencore in a research report on Monday, November 6th. Credit Suisse Group lifted their price target on shares of Glencore from GBX 397 ($5.31) to GBX 445 ($5.95) and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Liberum Capital cut shares of Glencore to a “sell” rating and lifted their price target for the stock from GBX 285 ($3.81) to GBX 300 ($4.01) in a research report on Thursday, October 26th. Finally, Goldman Sachs Group set a GBX 400 ($5.35) price target on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, October 18th.

Shares of Glencore (LON:GLEN) traded down GBX 2.40 ($0.03) during midday trading on Monday, hitting GBX 388.60 ($5.20). 26,936,681 shares of the stock were exchanged, compared to its average volume of 33,510,000. The company has a market capitalization of $56,070.00 and a PE ratio of 3,532.73. Glencore has a 52 week low of GBX 270 ($3.61) and a 52 week high of GBX 394.60 ($5.28).

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Glencore Company Profile

Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.

Analyst Recommendations for Glencore (LON:GLEN)

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