Glencore (LON:GLEN) had its target price raised by Royal Bank of Canada from GBX 450 ($6.22) to GBX 470 ($6.49) in a report released on Friday, February 16th. They currently have an outperform rating on the natural resources company’s stock.
A number of other brokerages also recently commented on GLEN. Liberum Capital reaffirmed a sell rating and issued a GBX 300 ($4.14) price objective on shares of Glencore in a research report on Thursday, January 11th. Deutsche Bank boosted their price target on Glencore from GBX 430 ($5.94) to GBX 450 ($6.22) and gave the company a buy rating in a research report on Monday, January 15th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 470 ($6.49) price target on shares of Glencore in a research report on Thursday, January 18th. Credit Suisse Group reissued an outperform rating and set a GBX 445 ($6.15) price target on shares of Glencore in a research report on Monday, January 22nd. Finally, UBS Group set a GBX 380 ($5.25) target price on Glencore and gave the stock a neutral rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Glencore presently has an average rating of Buy and a consensus target price of GBX 422.45 ($5.84).
Glencore (LON GLEN) traded up GBX 6.85 ($0.09) during midday trading on Friday, hitting GBX 383.55 ($5.30). The stock had a trading volume of 48,107,791 shares, compared to its average volume of 44,600,000. Glencore has a 12 month low of GBX 270 ($3.73) and a 12 month high of GBX 416.91 ($5.76). The firm has a market capitalization of $55,060.00 and a PE ratio of 1,278.50.
The business also recently disclosed a dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 6th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 6th. This represents a dividend yield of 1.81%.
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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.
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