Glencore PLC (GLEN) Given Average Recommendation of “Buy” by Analysts
Glencore PLC (LON:GLEN) has been given a consensus rating of “Buy” by the twenty-five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 361.81 ($4.88).
Several equities analysts recently issued reports on the stock. UBS AG set a GBX 390 ($5.26) target price on shares of Glencore PLC and gave the company a “buy” rating in a report on Monday, June 12th. Canaccord Genuity restated a “buy” rating and issued a GBX 375 ($5.06) target price on shares of Glencore PLC in a report on Friday, August 11th. S&P Global set a GBX 300 ($4.04) target price on shares of Glencore PLC and gave the company a “sell” rating in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($4.04) target price on shares of Glencore PLC in a report on Friday, August 11th. Finally, Credit Suisse Group boosted their target price on shares of Glencore PLC from GBX 390 ($5.26) to GBX 400 ($5.39) and gave the company an “outperform” rating in a report on Friday, August 11th.
In related news, insider Martin J. Gilbert bought 50,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of GBX 338 ($4.56) per share, for a total transaction of £169,000 ($227,854.93).
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Glencore PLC (GLEN) traded up 0.17% during mid-day trading on Friday, hitting GBX 347.15. 24,948,937 shares of the company were exchanged. The company’s 50-day moving average is GBX 349.19 and its 200 day moving average is GBX 315.77. The company’s market capitalization is GBX 49.51 billion. Glencore PLC has a 12-month low of GBX 193.80 and a 12-month high of GBX 374.70.
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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