Glencore PLC (LON:GLEN) had its price target increased by Barclays PLC from GBX 400 ($5.28) to GBX 430 ($5.67) in a research report sent to investors on Tuesday morning. Barclays PLC currently has an overweight rating on the natural resources company’s stock.
Several other equities analysts have also commented on GLEN. Citigroup Inc. reaffirmed a buy rating and set a GBX 400 ($5.28) target price on shares of Glencore PLC in a report on Monday, June 26th. Investec reaffirmed a buy rating and set a GBX 356 ($4.70) target price on shares of Glencore PLC in a report on Monday, June 26th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 390 ($5.15) target price on shares of Glencore PLC in a report on Tuesday, June 27th. Royal Bank Of Canada set a GBX 430 ($5.67) target price on Glencore PLC and gave the company a buy rating in a report on Thursday, June 29th. Finally, Goldman Sachs Group, Inc. (The) lowered their target price 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. Glencore PLC has an average rating of Buy and a consensus target price of GBX 378.75 ($5.00).
Shares of Glencore PLC (LON:GLEN) traded down 3.05% on Tuesday, hitting GBX 367.20. The company’s stock had a trading volume of 37,330,656 shares. Glencore PLC has a 1-year low of GBX 230.60 and a 1-year high of GBX 388.25. The company has a 50 day moving average of GBX 361.89 and a 200 day moving average of GBX 323.60. The firm’s market cap is GBX 52.37 billion.
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In other Glencore PLC news, insider Martin J. Gilbert bought 50,000 shares of Glencore PLC stock in a transaction dated 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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