Glencore (LON:GLEN) was upgraded by Liberum Capital to a “hold” rating in a research report issued on Tuesday, September 18th.
Several other research firms also recently weighed in on GLEN. Barclays decreased their price target on shares of Glencore from GBX 450 ($5.88) to GBX 400 ($5.23) and set an “overweight” rating for the company in a research note on Wednesday, July 18th. Cfra set a GBX 390 ($5.10) price target on shares of Glencore and gave the company a “buy” rating in a research note on Thursday, August 9th. HSBC decreased their price target on shares of Glencore from GBX 440 ($5.75) to GBX 420 ($5.49) and set a “buy” rating for the company in a research note on Thursday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Glencore in a research note on Tuesday, July 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Glencore in a research note on Wednesday, September 5th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 404.88 ($5.29).
GLEN traded up GBX 2.35 ($0.03) during midday trading on Tuesday, 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 52 week low of GBX 270 ($3.53) and a 52 week 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.
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