Glencore PLC (GLEN) Stock Rating Reaffirmed by Deutsche Bank AG
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a research note issued on Friday.
Several other analysts have also recently weighed in on the company. Credit Suisse Group reissued an “outperform” rating on shares of Glencore PLC in a report on Friday, July 21st. Macquarie reissued an “outperform” rating and set a GBX 385 ($4.97) price target on shares of Glencore PLC in a report on Monday, June 19th. Shore Capital reissued a “buy” rating on shares of Glencore PLC in a report on Tuesday, May 23rd. HSBC Holdings plc set a GBX 390 ($5.04) price target on Glencore PLC and gave the stock a “buy” rating in a report on Thursday, August 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 410 ($5.30) price target on shares of Glencore PLC in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 359.08 ($4.64).
Shares of Glencore PLC (LON:GLEN) opened at 344.50 on Friday. The company’s market capitalization is GBX 49.13 billion. Glencore PLC has a 52-week low of GBX 180.20 and a 52-week high of GBX 377.00. The stock’s 50 day moving average price is GBX 348.36 and its 200-day moving average price is GBX 315.75.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/17/glencore-plc-glen-stock-rating-reaffirmed-by-deutsche-bank-ag.html.
In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of GBX 338 ($4.37) per share, with a total value 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.