Glencore PLC (LON:GLEN) has been assigned a GBX 440 ($5.68) price objective by BNP Paribas in a research note issued on Wednesday. The firm currently has a “buy” rating on the natural resources company’s stock. BNP Paribas’ price target suggests a potential upside of 21.20% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating on shares of Glencore PLC in a report on Friday, July 21st. Macquarie restated an “outperform” rating and set a GBX 385 ($4.97) price target on shares of Glencore PLC in a report on Monday, June 19th. Shore Capital restated a “buy” rating on shares of Glencore PLC in a report on Tuesday, May 23rd. Jefferies Group LLC restated a “buy” rating and set a GBX 380 ($4.91) price target on shares of Glencore PLC in a report on Monday, May 15th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 360 ($4.65) price target on Glencore PLC and gave the company a “buy” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 359.08 ($4.64).

Shares of Glencore PLC (LON:GLEN) traded down 1.48% on Wednesday, reaching GBX 363.05. 43,702,033 shares of the company’s stock were exchanged. Glencore PLC has a one year low of GBX 176.10 and a one year high of GBX 369.65. The company has a 50 day moving average price of GBX 343.05 and a 200 day moving average price of GBX 314.63. The firm’s market cap is GBX 51.77 billion.

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In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 338 ($4.37) per share, with a total value of £169,000 ($218,261.66).

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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