Glencore PLC (LON:GLEN) had its target price increased by Canaccord Genuity from GBX 220 ($2.75) to GBX 250 ($3.12) in a research note published on Tuesday morning. The firm currently has a hold rating on the natural resources company’s stock.

GLEN has been the subject of several other reports. Goldman Sachs Group Inc. set a GBX 150 ($1.87) price objective on Glencore PLC and gave the company a neutral rating in a report on Friday, October 21st. Societe Generale set a GBX 275 ($3.44) price objective on Glencore PLC and gave the company a buy rating in a report on Tuesday, October 11th. RBC Capital Markets set a GBX 210 ($2.62) price objective on Glencore PLC and gave the company a buy rating in a report on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.25) price objective on Glencore PLC and gave the company a neutral rating in a report on Friday, September 30th. Finally, Jefferies Group decreased their price objective on Glencore PLC from GBX 200 ($2.50) to GBX 180 ($2.25) and set a hold rating for the company in a report on Tuesday, August 30th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 207.56 ($2.59).

Glencore PLC (LON:GLEN) opened at 276.35 on Tuesday. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 292.00. The stock has a 50 day moving average of GBX 245.46 and a 200 day moving average of GBX 188.11. The company’s market cap is GBX 39.32 billion.

In related news, insider William Macaulay sold 1,500,000 shares of Glencore PLC stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of GBX 260 ($3.25), for a total value of £3,900,000 ($4,872,563.72).

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About Glencore PLC

Glencore plc is an integrated producer and marketer of natural resources, with activities in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products and agricultural products. The Company’s segments include metals and minerals, energy products, agricultural products, and corporate and other.

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