A number of other research firms also recently weighed in on GLEN. J P Morgan Chase & Co decreased their target price on Glencore PLC from GBX 330 ($4.26) to GBX 310 ($4.00) and set a neutral rating on the stock in a research report on Tuesday, September 5th. BNP Paribas set a GBX 440 ($5.68) target price on Glencore PLC and gave the stock a buy rating in a research report on Wednesday, September 6th. HSBC Holdings plc set a GBX 390 ($5.04) target price on Glencore PLC and gave the stock a buy rating in a research report on Thursday, August 31st. Royal Bank Of Canada reissued an outperform rating and set a GBX 410 ($5.30) target price on shares of Glencore PLC in a research report on Thursday, August 31st. Finally, Jefferies Group LLC lifted their target price on Glencore PLC from GBX 400 ($5.17) to GBX 450 ($5.81) and gave the stock a buy rating in a research report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. Glencore PLC 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 2.02% during mid-day trading on Friday, reaching GBX 344.50. The company’s stock had a trading volume of 61,960,512 shares. The stock’s market capitalization is GBX 49.13 billion. The company has a 50 day moving average price of GBX 348.36 and a 200 day moving average price of GBX 315.75. Glencore PLC has a 12 month low of GBX 180.20 and a 12 month high of GBX 377.00.
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In other Glencore PLC news, insider Martin J. Gilbert bought 50,000 shares of the stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of GBX 338 ($4.37) per share, with a total value of £169,000 ($218,261.66).
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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