Glencore PLC (GLEN) Given a GBX 310 Price Target by J P Morgan Chase & Co Analysts
Glencore PLC (LON:GLEN) has been given a GBX 310 ($4.11) price target by stock analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the natural resources company’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 12.33% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of Glencore PLC in a research note on Friday, July 21st. Macquarie reiterated an “outperform” rating and issued a GBX 385 ($5.11) target price on shares of Glencore PLC in a research report on Monday, June 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 410 ($5.44) target price on shares of Glencore PLC in a research report on Thursday, August 31st. HSBC Holdings plc set a GBX 390 ($5.17) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, August 31st. Finally, Barclays PLC reissued an “overweight” rating on shares of Glencore PLC in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 371.25 ($4.92).
Shares of Glencore PLC (LON:GLEN) opened at 356.80 on Wednesday. The company’s market cap is GBX 50.88 billion. Glencore PLC has a 52-week low of GBX 213.00 and a 52-week high of GBX 374.70. The firm has a 50 day moving average price of GBX 352.24 and a 200-day moving average price of GBX 317.27.
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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 that occurred on Thursday, August 10th. The shares were bought at an average cost of GBX 338 ($4.48) per share, with a total value of £169,000 ($224,167.66).
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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