Glencore PLC (GLEN) Given Consensus Recommendation of “Buy” by Brokerages
Glencore PLC (LON:GLEN) has been given an average recommendation of “Buy” by the twenty-five ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 373.18 ($4.96).
Several equities analysts have recently weighed in on GLEN shares. Credit Suisse Group restated an “outperform” rating on shares of Glencore PLC in a research report on Friday, July 21st. Macquarie restated an “outperform” rating and issued a GBX 395 ($5.25) target price on shares of Glencore PLC in a research report on Wednesday, August 30th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 410 ($5.45) target price on shares of Glencore PLC in a research report on Thursday, August 31st. HSBC Holdings plc set a GBX 390 ($5.18) target price on Glencore PLC and gave the company a “buy” rating in a research report on Thursday, August 31st. Finally, Barclays PLC restated an “overweight” rating on shares of Glencore PLC in a research report on Tuesday, July 4th.
Shares of Glencore PLC (LON:GLEN) traded down 0.32% during mid-day trading on Wednesday, hitting GBX 374.65. The stock had a trading volume of 27,937,656 shares. Glencore PLC has a one year low of GBX 227.90 and a one year high of GBX 386.70. The firm has a 50 day moving average of GBX 358.93 and a 200-day moving average of GBX 321.09. The stock’s market cap is GBX 53.43 billion.
In other Glencore PLC news, insider Martin J. Gilbert acquired 50,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average cost of GBX 338 ($4.49) per share, with a total value of £169,000 ($224,554.88).
COPYRIGHT VIOLATION NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/18/glencore-plc-glen-given-consensus-recommendation-of-buy-by-brokerages.html.
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.
Receive News & Ratings for Glencore PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore PLC and related companies with MarketBeat.com's FREE daily email newsletter.