Goldman Sachs Group Analysts Give Glencore (GLEN) a GBX 450 Price Target

Goldman Sachs Group set a GBX 450 ($6.31) target price on Glencore (LON:GLEN) in a report released on Friday. The firm currently has a buy rating on the natural resources company’s stock.

Several other research analysts have also commented on GLEN. Deutsche Bank reiterated a buy rating on shares of Glencore in a research report on Wednesday, November 1st. Liberum Capital lowered Glencore to a sell rating and lifted their target price for the stock from GBX 285 ($4.00) to GBX 300 ($4.21) in a research report on Thursday, October 26th. Jefferies Group reiterated a buy rating and issued a GBX 450 ($6.31) target price on shares of Glencore in a research report on Wednesday, November 1st. Citigroup reiterated a buy rating and issued a GBX 400 ($5.61) target price on shares of Glencore in a research report on Monday, October 9th. Finally, Barclays lifted their target price on Glencore from GBX 400 ($5.61) to GBX 450 ($6.31) and gave the stock an overweight rating in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 406.86 ($5.70).

Shares of Glencore (LON:GLEN) opened at GBX 386.85 ($5.42) on Friday. Glencore has a 12 month low of GBX 270 ($3.79) and a 12 month high of GBX 416.91 ($5.85). The firm has a market capitalization of $55,730.00 and a P/E ratio of 3,868.50.

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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.

Analyst Recommendations for Glencore (LON:GLEN)

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