Glencore PLC (LON:GLEN) target price raised to 185.00GBX, issued a report today by Liberum Capital
- Updated: September 24, 2016
Glencore PLC (LON:GLEN) had its target price raised to 185.00GBX by Liberum Capital in a report released 9/22/2016. The new target price indicates a possible downside of -0.10% based on the company's last stock close price.
Previously on 09/20/2016, Liberum Capital reported about Glencore PLC (LON:GLEN) held steady the target price at 140.00GBX. At the time, this indicated a possible downside of -0.30%.
Yesterday Glencore PLC (LON:GLEN) traded 1.73% higher at 205.80GBX. The company’s 50-day moving average is 188.82GBX and its 200-day moving average is 161.76GBX. The last stock close price is up 30.75% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 73,709,493 shares of the stock were exchanged, up from an average trading volume of 52,139,800
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Glencore PLC has a 52 week low of 66.67GBX and a 52 week high of 213.40GBX The company’s market cap is currently 0 GBX.
In addition to Liberum Capital reporting its target price, a total of 21 firms have issued a report 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.
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, oil and food processing industries.
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