Macquarie disclosed Glencore PLC (LON:GLEN), supporting its stock price target at 200.00GBX earlier today
- Updated: September 19, 2016
Showing a price of 196.53GBX, Glencore PLC (LON:GLEN) traded 3.49% higher on the day. The last stock price close is up 19.94% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. The company has been tracking to a 50-day average of 186.67GBX and two hundred day average of 159.63GBX. Trading volume was was down over the average, with 19,244,697 shares of GLEN changing hands under the typical 51,944,000 shares.
Glencore PLC (LON:GLEN) had its target price hold steady to 200GBX by Macquarie in an issued report issued 9/20/2016. The new target price suggests a potential upside of 0.02% based on the bussiness’ most recent closing price.
Previously on 9/19/2016, Haitong Securities released a statement about Glencore PLC(LON:GLEN) lowered the target price from 194.00GBX to 190.00GBX that suggested a downside of 0.00%.
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Also covering Glencore PLC’s stock price target, a total of 21 analysts have released a ratings update on the company. The average target price is 2.21GBX with four analysts rating the company a strong buy, eight analysts rating the company a buy, 11 firms rating the stock a hold, 0 rating the stock to underperform, and finally one analyst rating the stock as sell.
Glencore PLC has a 52 week low of 66.67GBX and a one-year high of 200.97GBX . GLEN’s market cap is presently 0.0 GBX.
Brief Synopsis 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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