Deutsche Bank AG Raises Glencore PLC (GLEN) Price Target to GBX 430
Glencore PLC (LON:GLEN) had its price objective raised by Deutsche Bank AG from GBX 420 ($5.58) to GBX 430 ($5.71) in a research note released on Friday, Marketbeat Ratings reports. They currently have a buy rating on the natural resources company’s stock.
GLEN has been the subject of a number of other research reports. Royal Bank Of Canada restated an outperform rating and issued a GBX 410 ($5.45) price objective on shares of Glencore PLC in a research report on Thursday, August 31st. Macquarie restated an outperform rating and issued a GBX 395 ($5.25) price objective on shares of Glencore PLC in a research report on Wednesday, August 30th. Barclays PLC restated an overweight rating and issued a GBX 400 ($5.31) price objective on shares of Glencore PLC in a research report on Monday, September 25th. BNP Paribas set a GBX 440 ($5.85) price objective on shares of Glencore PLC and gave the company a buy rating in a research report on Wednesday, September 6th. Finally, UBS AG set a GBX 350 ($4.65) price objective on shares of Glencore PLC and gave the company a buy rating in a research report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 375 ($4.98).
Glencore PLC (GLEN) opened at 382.40 on Friday. The stock’s market cap is GBX 54.53 billion. Glencore PLC has a one year low of GBX 227.90 and a one year high of GBX 386.70. The stock’s 50 day moving average price is GBX 357.86 and its 200-day moving average price is GBX 320.25.
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In related news, insider Martin J. Gilbert acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of GBX 338 ($4.49) per share, for a total transaction of £169,000 ($224,554.88).
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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