Glencore PLC (LON:GLEN) Given a GBX 400 Price Target at Goldman Sachs Group, Inc. (The)
Glencore PLC (LON:GLEN) has been assigned a GBX 400 ($5.21) price target by research analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Friday. The brokerage currently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 24.22% from the company’s current price.
A number of other analysts have also recently weighed in on GLEN. UBS AG set a GBX 390 ($5.08) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Monday, June 12th. S&P Global set a GBX 300 ($3.91) price objective on shares of Glencore PLC and gave the stock a “sell” rating in a research note on Thursday. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.91) price objective on shares of Glencore PLC in a research note on Friday. HSBC Holdings plc set a GBX 370 ($4.82) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Friday. Finally, Liberum Capital restated a “hold” rating and issued a GBX 285 ($3.71) price objective on shares of Glencore PLC in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Glencore PLC currently has a consensus rating of “Buy” and an average target price of GBX 352.30 ($4.59).
Glencore PLC (LON GLEN) traded down 2.85% during midday trading on Friday, reaching GBX 322.00. 37,631,225 shares of the company traded hands. Glencore PLC has a 12 month low of GBX 171.50 and a 12 month high of GBX 348.25. The stock’s market capitalization is GBX 45.92 billion. The firm has a 50 day moving average of GBX 315.64 and a 200-day moving average of GBX 310.18.
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 purchased at an average price of GBX 338 ($4.40) per share, with a total value of £169,000 ($220,080.74).
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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