Glencore PLC (LON:GLEN) insider William Macaulay sold 1,500,000 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of GBX 260 ($3.25), for a total value of £3,900,000 ($4,872,563.72).

Shares of Glencore PLC (LON:GLEN) opened at 286.05 on Thursday. The firm’s market cap is GBX 40.70 billion. The firm has a 50 day moving average price of GBX 247.38 and a 200 day moving average price of GBX 189.10. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 292.00.

GLEN has been the subject of a number of recent analyst reports. Jefferies Group raised Glencore PLC to a “buy” rating and raised their price target for the company from GBX 210 ($2.62) to GBX 300 ($3.75) in a report on Thursday, November 10th. Liberum Capital lowered Glencore PLC to a “sell” rating and increased their price objective for the company from GBX 125 ($1.56) to GBX 140 ($1.75) in a research report on Thursday, July 28th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 210 ($2.62) price objective on shares of Glencore PLC in a research report on Monday, August 15th. Citigroup Inc. reiterated a “neutral” rating on shares of Glencore PLC in a research report on Monday, August 22nd. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 220 ($2.75) price objective on shares of Glencore PLC in a research report on Thursday, October 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 207.56 ($2.59).

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Glencore PLC Company Profile

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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