Glencore plc (LON:GLEN – Get Free Report) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 476.43 ($6.16).
GLEN has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of Glencore to an “overweight” rating and set a GBX 470 ($6.08) price target for the company in a report on Tuesday, February 18th. Berenberg Bank initiated coverage on shares of Glencore in a report on Monday, March 10th. They set a “buy” rating and a GBX 380 ($4.92) price objective for the company. Citigroup reissued a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. Royal Bank of Canada decreased their price objective on shares of Glencore from GBX 480 ($6.21) to GBX 440 ($5.69) and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 480 ($6.21) price objective on shares of Glencore in a report on Thursday, February 20th.
Read Our Latest Stock Analysis on Glencore
Glencore Price Performance
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
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