A statement released earlier today by Liberum Capital about Glencore PLC (LON:GLEN) maintains the target price at 140.00GBX
- Updated: September 19, 2016
Liberum Capital held the price target of Glencore PLC (LON:GLEN) at 140GBX, stating a possible downside of -0.30%.
On 9/19/2016, Haitong Securities released a statement for Glencore PLC(LON:GLEN) lowered the target price from 194.00GBX to 190.00GBX that suggested a downside of 0.00%.
Showing a price of 198.80GBX, Glencore PLC (LON:GLEN) traded 0.79% higher on the day. With the last close up 23.44% relative to the two hundred day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. Glencore PLC has been tracking to a 50-day moving average of 186.97GBX and two hundred day moving average of 160.45GBX. 23,364,053 shares of Glencore PLC traded, down from ann avg. trading volume of 51,858,000
Glencore PLC has a 52 week low of 66.67GBX and a 52 week high of 200.97GBX and has a market cap of 0.0 GBX.
In addition to Liberum Capital reporting it’s target price, a total of 21 analysts have issued a ratings update on the company. The average target stock price is 2.21GBX with four analysts rating the company a strong buy, eight analysts rating the stock a buy, 11 analyts rating the stock a hold, 0 rating the stock to underperform, and finally one firmrating the stock as sell.
General Information About Glencore PLC (LON:GLEN)
Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other. It markets and distributes physical commodities sourced from third-party producers, as well as its own production. It also provides financing, logistics and other services to both producers and consumers of commodities. The Metals and minerals segment includes copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing. The Energy products segment includes coal and oil industrial and marketing. Its Agricultural products segment is focused on grains, oils/oilseeds, cotton and sugar. The Company caters to the industrial, automotive, steel, power generation, and oil and food processing industries.
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