Liberum Capital Reiterates “Hold” Rating for Glencore PLC (GLEN)
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a report released on Friday. They presently have a GBX 250 ($3.10) price target on the natural resources company’s stock. Liberum Capital’s price objective indicates a potential downside of 12.61% from the company’s previous close.
GLEN has been the subject of several other reports. Macquarie restated a “neutral” rating and issued a GBX 200 ($2.48) price objective on shares of Glencore PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Glencore PLC in a report on Thursday, August 25th. BNP Paribas restated an “outperform” rating and issued a GBX 220 ($2.73) price objective on shares of Glencore PLC in a report on Thursday, October 6th. Jefferies Group restated a “hold” rating and issued a GBX 180 ($2.23) price objective on shares of Glencore PLC in a report on Tuesday, September 20th. Finally, Societe Generale upped their price objective on shares of Glencore PLC from GBX 230 ($2.85) to GBX 240 ($2.98) and gave the stock a “buy” rating in a report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Glencore PLC currently has a consensus rating of “Hold” and an average price target of GBX 213.56 ($2.65).
Glencore PLC (LON:GLEN) opened at 285.00 on Friday. The stock’s market capitalization is GBX 40.55 billion. The company’s 50-day moving average is GBX 253.87 and its 200 day moving average is GBX 192.29. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 292.00.
In related news, insider William Macaulay sold 1,500,000 shares of Glencore PLC stock in a transaction dated Friday, November 18th. The stock was sold at an average price of GBX 260 ($3.23), for a total value of £3,900,000 ($4,838,109.42).
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.