Glencore PLC (GLEN) Given “Hold” Rating at Deutsche Bank AG
Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank AG in a research note issued on Friday.
A number of other research analysts have also recently commented on the company. UBS AG set a GBX 390 ($5.04) price target on Glencore PLC and gave the stock a “buy” rating in a report on Monday, June 12th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 380 ($4.91) price target on shares of Glencore PLC in a report on Wednesday, May 24th. HSBC Holdings plc reissued a “buy” rating and issued a GBX 380 ($4.91) price target on shares of Glencore PLC in a report on Friday, July 28th. Liberum Capital reissued a “hold” rating and issued a GBX 285 ($3.68) price target on shares of Glencore PLC in a report on Thursday, August 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a GBX 375 ($4.84) price target on shares of Glencore PLC in a report 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. The stock presently has an average rating of “Buy” and a consensus target price of GBX 359.08 ($4.64).
Shares of Glencore PLC (LON GLEN) traded down 2.02% during midday trading on Friday, hitting GBX 344.50. 61,960,512 shares of the stock were exchanged. Glencore PLC has a 52-week low of GBX 180.20 and a 52-week high of GBX 377.00. The stock’s market cap is GBX 49.13 billion. The firm’s 50 day moving average price is GBX 348.36 and its 200-day moving average price is GBX 315.75.
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In other news, insider Martin J. Gilbert bought 50,000 shares of the stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of GBX 338 ($4.37) per share, for a total transaction 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.
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