J P Morgan Chase & Co Reaffirms “Neutral” Rating for Glencore PLC (GLEN)
J P Morgan Chase & Co restated their neutral rating on shares of Glencore PLC (LON:GLEN) in a research note released on Tuesday. The firm currently has a GBX 310 ($4.09) price target on the natural resources company’s stock.
Other research analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a buy rating and set a GBX 380 ($5.01) price target on shares of Glencore PLC in a research note on Friday, July 28th. HSBC Holdings plc reiterated a buy rating and set a GBX 380 ($5.01) price target on shares of Glencore PLC in a research note on Friday, July 28th. UBS AG set a GBX 350 ($4.62) price target on Glencore PLC and gave the stock a buy rating in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) cut their price target on Glencore PLC from GBX 360 ($4.75) to GBX 350 ($4.62) and set a buy rating for the company in a research note on Wednesday, July 5th. Finally, Citigroup Inc. reiterated a buy rating and set a GBX 350 ($4.62) price target on shares of Glencore PLC in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 378.67 ($5.00).
Glencore PLC (LON:GLEN) traded up GBX 3.30 ($0.04) during mid-day trading on Tuesday, hitting GBX 378.85 ($5.00). The stock had a trading volume of 26,267,516 shares.
In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of GBX 338 ($4.46) per share, with a total value of £169,000 ($223,013.99).
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.
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.