Glencore PLC (GLEN) Stock Rating Reaffirmed by Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Glencore PLC (LON:GLEN) in a report released on Wednesday morning. The brokerage currently has a GBX 450 ($5.94) price objective on the natural resources company’s stock.
Several other equities research analysts also recently weighed in on GLEN. Barclays PLC reissued an overweight rating on shares of Glencore PLC in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) decreased their price objective on Glencore PLC from GBX 360 ($4.75) to GBX 350 ($4.62) and set a buy rating for the company in a report on Wednesday, July 5th. UBS AG set a GBX 350 ($4.62) price objective on Glencore PLC and gave the company a buy rating in a report on Thursday, July 6th. Liberum Capital reissued a hold rating and issued a GBX 285 ($3.76) price objective on shares of Glencore PLC in a report on Friday, July 14th. Finally, HSBC Holdings plc decreased their price objective on Glencore PLC from GBX 390 ($5.15) to GBX 380 ($5.01) and set a buy rating for the company in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. Glencore PLC has an average rating of Buy and a consensus price target of GBX 378.67 ($5.00).
Shares of Glencore PLC (GLEN) opened at GBX 378.13 ($4.99) on Wednesday. Glencore PLC has a fifty-two week low of GBX 230.60 ($3.04) and a fifty-two week high of GBX 388.25 ($5.12).
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In other Glencore PLC news, insider Martin J. Gilbert purchased 50,000 shares of the stock in a transaction on Thursday, August 10th. The stock was bought at an average price of GBX 338 ($4.46) per share, for a total transaction 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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