Glencore PLC (GLEN) PT Raised to GBX 450
Glencore PLC (LON:GLEN) had its target price raised by Jefferies Group LLC from GBX 400 ($5.17) to GBX 450 ($5.82) in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the natural resources company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 26.16% from the company’s current price.
Several other equities analysts also recently commented on GLEN. UBS AG set a GBX 390 ($5.04) price target on shares of Glencore PLC and gave the company a “buy” rating in a report on Monday, June 12th. Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($4.85) target price on shares of Glencore PLC in a research note on Friday, August 11th. S&P Global set a GBX 300 ($3.88) target price on shares of Glencore PLC and gave the stock a “sell” rating in a research note on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.88) target price on shares of Glencore PLC in a research note on Friday, August 11th. Finally, Credit Suisse Group upped their target price on shares of Glencore PLC from GBX 390 ($5.04) to GBX 400 ($5.17) and gave the stock an “outperform” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 357.63 ($4.63).
Glencore PLC (GLEN) opened at 356.70 on Thursday. Glencore PLC has a one year low of GBX 171.50 and a one year high of GBX 358.10. The firm’s market capitalization is GBX 50.87 billion. The firm’s 50-day moving average price is GBX 330.34 and its 200 day moving average price is GBX 311.76.
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In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of GBX 338 ($4.37) per share, for a total transaction of £169,000 ($218,572.17).
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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