A statement released earlier today by HSBC about Glencore PLC (LON:GLEN) holds the target price at 300.00GBX
- Updated: December 1, 2016
Glencore PLC (LON:GLEN) had its target price hold steady to 300.00GBX by HSBC in a report released 12/02/2016. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.
Previously on 12/2/2016, Credit Suisse reported about Glencore PLC (LON:GLEN) raised the target price from 300.00GBX to 320.00GBX. At the time, this indicated a possible upside of 0.14%.
Yesterday Glencore PLC (LON:GLEN) traded 1.52% higher at 280.00GBX. The company’s 50-day moving average is 253.87GBX and its 200-day moving average is 192.29GBX. The last stock close price is up 47.44% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 62,087,616 shares of the stock were exchanged, up from an average trading volume of 57,167,500
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Glencore PLC has a 52 week low of 69.26GBX and a 52 week high of 292.00GBX The company’s market cap is currently 0 GBX.
In addition to HSBC reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is 2.21GBX with 4 firms rating the stock a strong buy, 8 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Glencore PLC (LON:GLEN)
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. It also has interests in industrial assets that include mining, smelting, refining and warehousing operations. Its Energy products segment includes coal mining and oil production operations and investments in strategic handling, storage and freight equipment and facilities. Its Agricultural products segment is supported by controlled and non-controlled storage, handling and processing facilities in various locations, and is focused on grains, oils/oilseeds, cotton and sugar. Its diversified operations consist of over 150 mining and metallurgical, oil production and agricultural assets.
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