Gilbert resumes Glencore board role

Glencore (LON:GLEN) received a GBX 375 ($4.90) price objective from Goldman Sachs Group in a research note issued to investors on Tuesday, September 25th. The brokerage presently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group’s price target suggests a potential upside of 14.98% from the company’s previous close.

A number of other equities research analysts also recently commented on GLEN. Credit Suisse Group set a GBX 480 ($6.27) target price on Glencore and gave the company a “buy” rating in a research report on Thursday, June 7th. UBS Group restated a “neutral” rating and issued a GBX 380 ($4.97) target price on shares of Glencore in a research report on Thursday, June 7th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 550 ($7.19) target price on shares of Glencore in a research report on Friday, June 8th. Liberum Capital restated a “sell” rating on shares of Glencore in a research report on Wednesday, June 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 410 ($5.36) target price (down previously from GBX 410 ($5.36)) on shares of Glencore in a research report on Wednesday, June 13th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 404.88 ($5.29).

Shares of Glencore stock opened at GBX 326.15 ($4.26) on Tuesday. Glencore has a one year low of GBX 270 ($3.53) and a one year high of GBX 416.91 ($5.45).

He is co-CEO of Standard Life Aberdeen and joined the Glencore board in May 2017, which went against the UK governance guideline of not taking up non-executive positions on the board of more than one FTSE 100 company.

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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He co-funded Aberdeen Asset Management in 1983 and has been chairman of the Prudential Regulation Authoritys practitioner panel since December 2013.

Glencore (LON:GLEN) has been assigned a GBX 380 ($4.97) price target by UBS Group in a research report issued on Friday, September 14th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the natural resources company’s stock. UBS Group’s target price indicates a potential upside of 18.12% from the company’s current price.

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Other equities analysts have also recently issued reports about the company. Goldman Sachs Group set a GBX 500 ($6.53) price target on Glencore and gave the stock a “buy” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. set a GBX 550 ($7.19) price objective on Glencore and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 400 ($5.23) price objective on shares of Glencore in a research report on Wednesday, August 8th. Credit Suisse Group set a GBX 480 ($6.27) price objective on Glencore and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, HSBC lifted their price objective on Glencore from GBX 381 ($4.98) to GBX 450 ($5.88) and gave the stock a “buy” rating in a research report on Thursday, June 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 404.88 ($5.29).

Shares of LON GLEN traded down GBX 3.30 ($0.04) during trading hours on Friday, reaching GBX 321.70 ($4.20). 37,122,520 shares of the stock traded hands, compared to its average volume of 46,120,000. Glencore has a 52-week low of GBX 270 ($3.53) and a 52-week high of GBX 416.91 ($5.45).

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Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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