Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reaffirmed by Macquarie in a research note issued on Wednesday. They presently have a GBX 395 ($5.11) target price on the natural resources company’s stock. Macquarie’s target price indicates a potential upside of 11.91% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Credit Suisse Group reissued an “outperform” rating on shares of Glencore PLC in a report on Friday, July 21st. Deutsche Bank AG decreased their price target on shares of Glencore PLC from GBX 330 ($4.27) to GBX 290 ($3.75) and set a “hold” rating on the stock in a report on Thursday, May 4th. J P Morgan Chase & Co increased their price target on shares of Glencore PLC from GBX 330 ($4.27) to GBX 340 ($4.40) and gave the stock a “neutral” rating in a report on Tuesday, May 2nd. Shore Capital reissued a “buy” rating on shares of Glencore PLC in a report on Tuesday, May 23rd. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 400 ($5.17) price target on shares of Glencore PLC in a report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Glencore PLC has an average rating of “Buy” and a consensus target price of GBX 354.71 ($4.59).

Shares of Glencore PLC (LON GLEN) opened at 352.95 on Wednesday. Glencore PLC has a 1-year low of GBX 171.50 and a 1-year high of GBX 355.00. The stock has a 50 day moving average price of GBX 330.34 and a 200 day moving average price of GBX 311.76. The company’s market capitalization is GBX 50.33 billion.

ILLEGAL ACTIVITY NOTICE: “Glencore PLC’s (GLEN) “Outperform” Rating Reaffirmed at Macquarie” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/30/glencore-plcs-glen-outperform-rating-reaffirmed-at-macquarie.html.

In other Glencore PLC news, insider Martin J. Gilbert purchased 50,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of GBX 338 ($4.37) per share, with a total value of £169,000 ($218,572.17).

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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.