Glencore PLC (LON:GLEN) has been reiterated to Outperform in a report by Credit Suisse today.
- Updated: April 20, 2017
Yesterday Glencore PLC (LON:GLEN) traded 1.40% higher at 297.50GBX. The company’s 50-day moving average is 319.25GBX and its 200-day moving average is 291.71GBX. The last closing price is up 3.00% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 32,071,571 shares of the stock traded hands, down from an average trading volume of 47,344,500
Credit Suisse has reiterated Glencore PLC (LON:GLEN) to Outperform in a report released on 4/21/2017.
Previously on 4/19/2017, Credit Suisse reported on Glencore PLC (LON:GLEN) held steady the target price at 410.00GBX. At the time, this indicated a possible upside of 0.37%.
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Glencore PLC has a 52 week low of 124.55GBX and a 52 week high of 347.00GBX with a P/E ratio of 30.97 The company’s market cap is currently 0 GBX.
In addition to Credit Suisse reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is 2.21GBX with 4 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information 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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