Glencore’s (GLEN) “Top Pick” Rating Reiterated at Barclays
Glencore (LON:GLEN)‘s stock had its “top pick” rating reissued by research analysts at Barclays in a report issued on Thursday, September 20th, Marketbeat reports. They currently have a GBX 400 ($5.23) target price on the natural resources company’s stock. Barclays’ price target would indicate a potential upside of 27.55% from the stock’s current price.
GLEN has been the subject of a number of other reports. Credit Suisse Group set a GBX 480 ($6.27) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Wednesday, September 19th. Liberum Capital raised shares of Glencore to a “hold” rating in a research report on Tuesday, September 18th. UBS Group set a GBX 380 ($4.97) price objective on shares of Glencore and gave the company a “neutral” rating in a research report on Friday, September 14th. Goldman Sachs Group set a GBX 375 ($4.90) price objective on shares of Glencore and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, JPMorgan Chase & Co. raised shares of 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. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 404.88 ($5.29).
LON GLEN traded up GBX 2.35 ($0.03) during trading hours on Thursday, hitting GBX 313.60 ($4.10). The company had a trading volume of 53,188,756 shares, compared to its average volume of 46,120,000. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week high of GBX 416.91 ($5.45).
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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