Glencore PLC (GLEN) Earns “Hold” Rating from Deutsche Bank AG
Other equities research analysts have also issued research reports about the company. Jefferies Group LLC lowered their target price on Glencore PLC from GBX 380 ($4.91) to GBX 330 ($4.26) and set a buy rating for the company in a research note on Thursday, June 8th. Shore Capital reiterated a buy rating on shares of Glencore PLC in a research note on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) set a GBX 360 ($4.65) target price on Glencore PLC and gave the company a buy rating in a research note on Thursday, May 25th. Investec reiterated a buy rating and issued a GBX 356 ($4.60) target price 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 ($5.04) target price on shares of Glencore PLC in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 359.08 ($4.64).
Glencore PLC (GLEN) opened at 344.40 on Friday. The stock’s 50 day moving average price is GBX 348.36 and its 200-day moving average price is GBX 315.75. Glencore PLC has a 12 month low of GBX 180.20 and a 12 month high of GBX 374.70. The firm’s market capitalization is GBX 49.11 billion.
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In related news, insider Martin J. Gilbert bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of GBX 338 ($4.37) per share, for a total transaction of £169,000 ($218,261.66).
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.
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