Glencore PLC (GLEN) PT Set at GBX 420 by Macquarie
Glencore PLC (LON:GLEN) received a GBX 420 ($5.52) target price from research analysts at Macquarie in a research note issued on Wednesday. The firm presently has a “buy” rating on the natural resources company’s stock. Macquarie’s target price would suggest a potential upside of 14.15% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. UBS AG set a GBX 350 ($4.60) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Glencore PLC from GBX 360 ($4.73) to GBX 350 ($4.60) and set a “buy” rating on the stock in a research note on Wednesday, July 5th. Royal Bank Of Canada set a GBX 430 ($5.65) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, June 29th. Investec reiterated a “buy” rating and issued a GBX 356 ($4.68) price target on shares of Glencore PLC in a research note on Wednesday, June 14th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 390 ($5.13) price target on shares of Glencore PLC in a research note on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. Glencore PLC currently has an average rating of “Buy” and a consensus price target of GBX 375 ($4.93).
Shares of Glencore PLC (GLEN) opened at 367.85 on Wednesday. The company has a 50 day moving average price of GBX 356.32 and a 200-day moving average price of GBX 319.21. Glencore PLC has a 12 month low of GBX 227.90 and a 12 month high of GBX 374.70. The stock’s market cap is GBX 52.46 billion.
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In related news, insider Martin J. Gilbert acquired 50,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of GBX 338 ($4.44) per share, with a total value of £169,000 ($222,193.01).
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.
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