Exane BNP Paribas disclosed Glencore PLC (LON:GLEN), supporting its price target at 220.00GBX earlier today
- Updated: October 5, 2016
Yesterday Glencore PLC (LON:GLEN) traded 0.22% higher at 214.45GBX. The company’s 50-day moving average is 193.00GBX and its 200-day moving average is 165.44GBX. The last stock close price is up 30.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,632,961 shares of the stock were exchanged, down from an average trading volume of 50,832,400
Indicating a possible upside of 0.03%, Exane BNP Paribas hold steady the stock price target of Glencore PLC (LON:GLEN) at 220.00GBX
Previously on 9/27/2016, Canaccord Genuity reported about Glencore PLC (LON:GLEN) raised the target price from 215.00GBX to 220.00GBX. At the time, this indicated a possible upside of 0.06%.
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Glencore PLC has a 52 week low of 69.26GBX and a 52 week high of 220.65GBX The company’s market cap is currently 0 GBX.
In addition to Exane BNP Paribas 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 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, oil and food processing industries.
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