Macquarie restated their outperform rating on shares of Glencore PLC (LON:GLEN) in a research report released on Friday. They currently have a GBX 385 ($5.01) price target on the natural resources company’s stock.
GLEN has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 365 ($4.75) price target (down previously from GBX 390 ($5.08)) on shares of Glencore PLC in a research report on Tuesday, April 25th. Credit Suisse Group restated an outperform rating and issued a GBX 410 ($5.34) price objective on shares of Glencore PLC in a report on Wednesday, April 19th. Jefferies Group LLC restated a buy rating and issued a GBX 380 ($4.95) price objective on shares of Glencore PLC in a report on Tuesday, April 18th. Barclays PLC raised their price objective on shares of Glencore PLC from GBX 390 ($5.08) to GBX 400 ($5.21) and gave the company an overweight rating in a report on Friday, April 21st. Finally, Liberum Capital restated a hold rating and issued a GBX 285 ($3.71) price objective on shares of Glencore PLC in a report on Wednesday, May 10th. Four research 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’s stock. The company currently has an average rating of Hold and an average target price of GBX 343.04 ($4.47).
Shares of Glencore PLC (LON GLEN) traded down 2.85% during trading on Friday, reaching GBX 322.00. 37,631,225 shares of the company were exchanged. The firm has a 50-day moving average price of GBX 315.64 and a 200-day moving average price of GBX 310.18. Glencore PLC has a 1-year low of GBX 171.50 and a 1-year high of GBX 348.25. The stock’s market capitalization is GBX 45.92 billion.
In related news, insider Martin J. Gilbert purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of GBX 338 ($4.40) per share, with a total value of £169,000 ($220,080.74).
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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