Glencore PLC (GLEN) Given a GBX 390 Price Target at HSBC Holdings plc
HSBC Holdings plc set a GBX 390 ($5.04) price objective on Glencore PLC (LON:GLEN) in a research note published on Thursday morning. The firm currently has a buy rating on the natural resources company’s stock.
A number of other equities research analysts have also commented on GLEN. UBS AG set a GBX 390 ($5.04) price target on Glencore PLC and gave the stock a buy rating in a research report on Monday, June 12th. Canaccord Genuity restated a buy rating and set a GBX 375 ($4.85) price target on shares of Glencore PLC in a research report on Friday, August 11th. S&P Global set a GBX 300 ($3.88) price target on Glencore PLC and gave the stock a sell rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.88) price target on shares of Glencore PLC in a research report on Friday, August 11th. Finally, Credit Suisse Group increased their price target on Glencore PLC from GBX 390 ($5.04) to GBX 400 ($5.17) and gave the stock an outperform rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of GBX 358.46 ($4.64).
Glencore PLC (LON:GLEN) traded up 2.09% on Thursday, reaching GBX 367.00. The company had a trading volume of 30,784,482 shares. The stock’s market cap is GBX 52.34 billion. The company has a 50-day moving average of GBX 330.34 and a 200 day moving average of GBX 311.76. Glencore PLC has a one year low of GBX 171.50 and a one year high of GBX 368.05.
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In other news, insider Martin J. Gilbert purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of GBX 338 ($4.37) per share, with a total value of £169,000 ($218,572.17).
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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