Glencore PLC (GLEN) Given a GBX 370 Price Target at UBS AG
UBS AG set a GBX 370 ($4.91) target price on Glencore PLC (LON:GLEN) in a research report report published on Wednesday. The firm currently has a neutral rating on the natural resources company’s stock.
GLEN has been the subject of several other research reports. Jefferies Group LLC boosted their price target on shares of Glencore PLC from GBX 400 ($5.31) to GBX 450 ($5.97) and gave the stock a buy rating in a report on Thursday, August 31st. Macquarie reissued an outperform rating and issued a GBX 395 ($5.24) price target on shares of Glencore PLC in a report on Friday, September 15th. Morgan Stanley set a GBX 347 ($4.60) price target on shares of Glencore PLC and gave the stock a neutral rating in a report on Tuesday, September 26th. Liberum Capital reissued a hold rating and issued a GBX 285 ($3.78) price target on shares of Glencore PLC in a report on Monday, June 12th. Finally, Deutsche Bank AG raised shares of Glencore PLC to a buy rating and boosted their price target for the stock from GBX 300 ($3.98) to GBX 420 ($5.57) in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 371.25 ($4.92).
Shares of Glencore PLC (LON:GLEN) traded up 3.03% during trading on Wednesday, hitting GBX 370.30. 31,055,662 shares of the company were exchanged. The firm’s market capitalization is GBX 52.81 billion. The firm’s 50-day moving average price is GBX 353.49 and its 200 day moving average price is GBX 317.93. Glencore PLC has a 12 month low of GBX 213.60 and a 12 month high of GBX 374.70.
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In other Glencore PLC news, insider Martin J. Gilbert purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 338 ($4.48) per share, for a total transaction of £169,000 ($224,167.66).
About Glencore PLC
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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