Glencore PLC (GLEN) PT Raised to GBX 400 at Credit Suisse Group
Glencore PLC (LON:GLEN) had its price objective increased by research analysts at Credit Suisse Group from GBX 390 ($5.08) to GBX 400 ($5.21) in a research report issued on Friday. The firm presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 20.68% from the company’s previous close.
A number of other brokerages also recently commented on GLEN. UBS AG set a GBX 350 ($4.56) price objective on shares of Glencore PLC and gave the company a “buy” rating in a research report on Thursday. Liberum Capital reissued a “hold” rating and issued a GBX 285 ($3.71) price objective on shares of Glencore PLC in a research report on Thursday. S&P Global set a GBX 300 ($3.91) price objective on shares of Glencore PLC and gave the company a “sell” rating in a research report on Thursday. Royal Bank Of Canada decreased their price objective on shares of Glencore PLC from GBX 430 ($5.60) to GBX 410 ($5.34) and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) set a GBX 400 ($5.21) price objective on shares of Glencore PLC and gave the company a “buy” rating in a research report on Friday. Four 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 presently has a consensus rating of “Hold” and a consensus price target of GBX 343.04 ($4.47).
Glencore PLC (LON:GLEN) opened at 320.05 on Friday. The firm’s market cap is GBX 45.61 billion. The firm’s 50-day moving average is GBX 313.63 and its 200-day moving average is GBX 310.17. Glencore PLC has a 52-week low of GBX 171.50 and a 52-week high of GBX 348.25.
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In other Glencore PLC news, insider Martin J. Gilbert bought 50,000 shares of Glencore PLC stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of GBX 338 ($4.40) per share, with a total value of £169,000 ($220,080.74).
About Glencore PLC
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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