Glencore plc (LON:GLEN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Glencore plc (LON:GLEN – Get Free Report) have earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 589.50 ($7.52).

GLEN has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 550 ($7.02) price target on shares of Glencore in a report on Thursday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 560 ($7.14) price target on shares of Glencore in a report on Thursday, July 6th. Finally, Morgan Stanley lowered their price target on shares of Glencore from GBX 590 ($7.53) to GBX 560 ($7.14) and set an “equal weight” rating for the company in a report on Wednesday, June 21st.