Glencore PLC (GLEN) Given a GBX 400 Price Target by Goldman Sachs Group, Inc. (The) Analysts
Glencore PLC (LON:GLEN) has been assigned a GBX 400 ($5.19) price target by stock analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Thursday. The brokerage presently has a “buy” rating on the natural resources company’s stock. Goldman Sachs Group, Inc. (The)’s price target would suggest a potential upside of 16.47% from the stock’s previous close.
Several other brokerages have also issued reports on GLEN. UBS AG set a GBX 350 ($4.54) price target on shares of Glencore PLC and gave the company a “buy” rating in a report on Thursday, August 10th. HSBC Holdings plc reduced their target price on shares of Glencore PLC from GBX 390 ($5.06) to GBX 380 ($4.93) and set a “buy” rating on the stock in a report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and set a GBX 380 ($4.93) target price on shares of Glencore PLC in a report on Wednesday, May 24th. Deutsche Bank AG reduced their target price on shares of Glencore PLC from GBX 330 ($4.28) to GBX 290 ($3.76) and set a “hold” rating on the stock in a report on Thursday, May 4th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 400 ($5.19) target price on shares of Glencore PLC in a report on Friday, July 14th. 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 stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 354.29 ($4.60).
Glencore PLC (LON:GLEN) traded down 0.45% during mid-day trading on Thursday, reaching GBX 343.45. 34,399,989 shares of the company were exchanged. The company’s 50 day moving average price is GBX 322.49 and its 200-day moving average price is GBX 310.77. Glencore PLC has a 12-month low of GBX 171.50 and a 12-month high of GBX 348.85. The stock’s market capitalization is GBX 48.98 billion.
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In other news, insider Martin J. Gilbert bought 50,000 shares of Glencore PLC stock in a transaction dated Thursday, August 10th. The stock was purchased at an average price of GBX 338 ($4.39) per share, for a total transaction of £169,000 ($219,395.04).
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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