Glencore (LON:GLEN) Given a GBX 375 Price Target at Goldman Sachs Group

Goldman Sachs Group set a GBX 375 ($4.90) price target on Glencore (LON:GLEN) in a research note released on Thursday, September 13th. The firm currently has a buy rating on the natural resources company’s stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reissued an outperform rating and issued a GBX 400 ($5.23) price objective on shares of Glencore in a research note on Wednesday, August 8th. JPMorgan Chase & Co. set a GBX 550 ($7.19) price target on shares of Glencore and gave the company a buy rating in a research report on Wednesday, August 8th. Credit Suisse Group set a GBX 480 ($6.27) price target on shares of Glencore and gave the company a buy rating in a research report on Thursday, August 9th. HSBC upped their price target on shares of Glencore from GBX 381 ($4.98) to GBX 450 ($5.88) and gave the company a buy rating in a research report on Thursday, June 21st. Finally, UBS Group set a GBX 380 ($4.97) price target on shares of Glencore and gave the company a neutral rating in a research report on Tuesday, June 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Glencore presently has an average rating of Buy and an average price target of GBX 404.88 ($5.29).

Shares of Glencore stock traded down GBX 3.30 ($0.04) during trading on Thursday, hitting GBX 321.70 ($4.20). The company’s stock had a trading volume of 37,122,520 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).

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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