Glencore plc (LON:GLEN – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 503.73 ($6.40) and last traded at GBX 501.61 ($6.38), with a volume of 864650375 shares changing hands. The stock had previously closed at GBX 497.04 ($6.32).
Analyst Ratings Changes
A number of analysts have commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 ($6.99) price target on shares of Glencore in a research report on Wednesday, May 1st. Barclays reaffirmed an “equal weight” rating and set a GBX 515 ($6.55) target price on shares of Glencore in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Glencore currently has an average rating of “Moderate Buy” and a consensus target price of GBX 546.25 ($6.94).
View Our Latest Stock Analysis on Glencore
Glencore Stock Performance
About Glencore
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.
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