Glencore PLC (GLEN) Given a GBX 440 Price Target by BNP Paribas Analysts
BNP Paribas set a GBX 440 ($5.68) target price on Glencore PLC (LON:GLEN) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the natural resources company’s stock.
A number of other equities analysts have also commented on GLEN. Jefferies Group LLC raised their price objective on shares of Glencore PLC from GBX 400 ($5.17) to GBX 450 ($5.81) and gave the company a buy rating in a research report on Thursday, August 31st. J P Morgan Chase & Co restated a neutral rating and issued a GBX 340 ($4.39) price objective on shares of Glencore PLC in a research report on Wednesday, May 24th. Macquarie restated an outperform rating and issued a GBX 385 ($4.97) price objective on shares of Glencore PLC in a research report on Monday, May 15th. UBS AG set a GBX 350 ($4.52) price objective on shares of Glencore PLC and gave the company a buy rating in a research report on Wednesday, August 30th. Finally, Credit Suisse Group restated an outperform rating and issued a GBX 410 ($5.30) price objective on shares of Glencore PLC in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 359.08 ($4.64).
Shares of Glencore PLC (GLEN) opened at 363.05 on Wednesday. Glencore PLC has a one year low of GBX 176.10 and a one year high of GBX 369.68. The company’s market cap is GBX 51.77 billion. The stock’s 50 day moving average is GBX 343.05 and its 200-day moving average is GBX 314.63.
ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/10/glencore-plc-glen-given-a-gbx-440-price-target-by-bnp-paribas-analysts.html.
In related news, insider Martin J. Gilbert bought 50,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of GBX 338 ($4.37) per share, for a total transaction of £169,000 ($218,261.66).
Glencore PLC Company Profile
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.
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.