Glencore PLC (GLEN) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of Glencore PLC (LON:GLEN) in a research note issued to investors on Wednesday morning. They currently have a GBX 420 ($5.57) target price on the natural resources company’s stock.
GLEN has been the subject of several other reports. Jefferies Group LLC raised their price objective 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. UBS AG set a GBX 350 ($4.64) price objective on shares of Glencore PLC and gave the stock a buy rating in a report on Wednesday, August 30th. Macquarie reissued an outperform rating and set a GBX 395 ($5.24) price objective on shares of Glencore PLC in a report on Friday, September 15th. Morgan Stanley set a GBX 347 ($4.60) price objective on shares of Glencore PLC and gave the stock a neutral rating in a report on Tuesday, September 26th. Finally, Liberum Capital reissued a hold rating and set a GBX 285 ($3.78) price objective on shares of Glencore PLC in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 371.25 ($4.92).
Glencore PLC (GLEN) opened at 366.90 on Wednesday. The company’s 50 day moving average is GBX 354.07 and its 200-day moving average is GBX 318.27. The firm’s market cap is GBX 52.32 billion. Glencore PLC has a 52 week low of GBX 216.30 and a 52 week high of GBX 377.00.
In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of GBX 338 ($4.48) per share, with a total value of £169,000 ($224,167.66).
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.