Glencore PLC (GLEN) Receives “Hold” Rating from Canaccord Genuity
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued on Thursday. They presently have a GBX 250 ($3.10) price objective on the natural resources company’s stock. Canaccord Genuity’s price target would suggest a potential downside of 10.49% from the company’s previous close.
GLEN has been the topic of a number of other reports. Liberum Capital reaffirmed a “hold” rating and set a GBX 250 ($3.10) price objective on shares of Glencore PLC in a research report on Friday, November 25th. Investec reaffirmed a “hold” rating and set a GBX 247 ($3.06) price objective on shares of Glencore PLC in a research report on Friday, November 11th. Macquarie boosted their price objective on shares of Glencore PLC from GBX 250 ($3.10) to GBX 290 ($3.60) and gave the company a “neutral” rating in a research report on Monday, November 14th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 338 ($4.19) price objective on shares of Glencore PLC in a research report on Thursday. Finally, HSBC started coverage on shares of Glencore PLC in a research report on Thursday, November 10th. They set a “buy” rating and a GBX 300 ($3.72) price objective on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 218.28 ($2.71).
Glencore PLC (LON:GLEN) opened at 276.80 on Thursday. The stock has a 50 day moving average of GBX 253.87 and a 200-day moving average of GBX 192.29. The stock’s market cap is GBX 39.38 billion. Glencore PLC has a 52 week low of GBX 69.26 and a 52 week high of GBX 292.00.
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In related news, 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 ($3.23), for a total value of £3,900,000 ($4,838,109.42).
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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