Glencore PLC (GLEN) Earns “Buy” Rating from Deutsche Bank AG
Several other equities research analysts have also recently weighed in on GLEN. Barclays PLC restated an overweight rating on shares of Glencore PLC in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reduced their price target on shares of Glencore PLC from GBX 360 ($4.75) to GBX 350 ($4.62) and set a buy rating on the stock in a research report on Wednesday, July 5th. UBS Group AG (USA) set a GBX 350 ($4.62) price target on shares of Glencore PLC and gave the stock a buy rating in a research report on Thursday, July 6th. Liberum Capital restated a hold rating and issued a GBX 285 ($3.76) price target on shares of Glencore PLC in a research report on Friday, July 14th. Finally, HSBC Holdings plc reduced their price target on shares of Glencore PLC from GBX 390 ($5.15) to GBX 380 ($5.01) and set a buy rating on the stock in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of GBX 378.67 ($5.00).
Shares of Glencore PLC (LON:GLEN) traded up GBX 3.30 ($0.04) on Wednesday, reaching GBX 378.85 ($5.00). The company had a trading volume of 26,267,516 shares.
In other news, insider Martin J. Gilbert purchased 50,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of GBX 338 ($4.46) per share, with a total value of £169,000 ($223,013.99).
Glencore PLC Company Profile
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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