HSBC Holdings plc Analysts Give Glencore PLC (GLEN) a GBX 390 Price Target
Glencore PLC (LON:GLEN) received a GBX 390 ($5.04) price target from analysts at HSBC Holdings plc in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the natural resources company’s stock. HSBC Holdings plc’s price objective points to a potential upside of 9.34% from the stock’s current price.
Several other analysts also recently commented on GLEN. UBS AG set a GBX 390 ($5.04) target price on Glencore PLC and gave the company a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($4.85) target price on shares of Glencore PLC in a research note on Friday, August 11th. Jefferies Group LLC raised their target price on Glencore PLC from GBX 400 ($5.17) to GBX 450 ($5.82) and gave the company a “buy” rating in a research note on Thursday. S&P Global set a GBX 300 ($3.88) target price on Glencore PLC and gave the company a “sell” rating in a research note on Thursday, August 10th. Finally, Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.88) target price on shares of Glencore PLC in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. Glencore PLC currently has an average rating of “Buy” and an average price target of GBX 358.46 ($4.64).
Glencore PLC (GLEN) opened at 363.75 on Thursday. Glencore PLC has a 52-week low of GBX 171.50 and a 52-week high of GBX 366.70. The firm’s market cap is GBX 51.87 billion. The company has a 50 day moving average price of GBX 330.34 and a 200-day moving average price of GBX 311.76.
In related news, insider Martin J. Gilbert bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average cost of GBX 338 ($4.37) per share, for a total transaction of £169,000 ($218,572.17).
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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