UBS starts coverage of Glencore stock with AUD 13.40 target
Published on 10/15/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBroker views and operating goals
- An AUD 13.40 target for the ASX CDI was published on October 15, 2026.
- JPMorgan lifted its target to GBp 730 from GBp 510 on October 14, 2026.
- Glencore stock traded at EUR 6.71 at 1:32 p.m. CEST at Lang & Schwarz on October 15, 2026.
Glencore (ISIN JE00B4T3BW64) was trading at EUR 6.71 at Lang & Schwarz on October 15, 2026 at 1:32 p.m. CEST. UBS initiated coverage with a Buy rating and an AUD 13.40 price target for the Australian Securities Exchange CDI on October 15, 2026, according to Investing.com.
Three recent Glencore events
On October 14, 2026, Glencore's Australian debut closed at AUD 11.23, down 1.80 percent from its opening level, with more than 4 million shares changing hands, Mining.com.au reported. Also on October 14, 2026, JPMorgan upgraded Glencore to Overweight from Neutral and raised its target to GBp 730 from GBp 510, according to Morningstar. The UBS coverage arrived on October 15, 2026 with its AUD 13.40 target for the ASX CDI.
What supports the new target?
The analyst case centers on copper growth and Glencore's marketing earnings. JPMorgan said the copper pipeline could lift production by more than 30 percent by 2030 and reported that long-term Marketing EBIT guidance had risen to USD 3.5 billion at the midpoint from USD 2.9 billion, according to Investing.com. UBS cited marketing performance and the commodity basket as support, while identifying commodity prices, permitting and marketing execution as risks.
Range leaves room for volatility
Glencore's London listing was last at GBp 566.70 on October 15, 2026 at 12:35 p.m. London time, according to the finance quote timestamp. The same quote showed a 52-week range of GBp 332.20 to GBp 707.20, placing the stock below its yearly high while preserving a wide trading band. The company's investor page identifies the London Stock Exchange listing as LSE GBp and shows the October 14, 2026 close at GBp 575.00.
Stock price in euros
For German investors, the euro quotation was at EUR 6.71 at Lang & Schwarz on October 15, 2026 at 1:32 p.m. CEST. The current analyst debate adds a second valuation reference through targets in Australian dollars and pence, but those figures are not interchangeable with the euro quotation. The further course of trading is shown by the continuously updated real-time quote of Glencore stock.
Glencore stock at a glance
- Company: Glencore plc
- ISIN: JE00B4T3BW64
- Ticker: GLEN
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 15, 2026, 1:32 p.m. CEST): EUR 6.71
- Primary exchange quote: GBp 566.70 on October 15, 2026 at 12:35 p.m. London time
- 52-week range: GBp 332.20-707.20
- Index membership: FTSE 100
Market context: Market report FTSE 100.
