Glencore PLC (GLEN) Earns “Outperform” Rating from Macquarie

Glencore PLC (LON:GLEN)‘s stock had its “outperform” rating reissued by research analysts at Macquarie in a research note issued on Wednesday.

Other equities analysts have also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) raised their price target on Glencore PLC from GBX 350 ($4.65) to GBX 400 ($5.31) and gave the company a “buy” rating in a report on Monday, July 24th. UBS AG set a GBX 350 ($4.65) price target on Glencore PLC and gave the company a “buy” rating in a report on Thursday, July 6th. HSBC Holdings plc cut their price target on Glencore PLC from GBX 390 ($5.18) to GBX 380 ($5.05) and set a “buy” rating for the company in a report on Friday, July 14th. Royal Bank Of Canada set a GBX 430 ($5.71) price target on Glencore PLC and gave the company a “buy” rating in a report on Thursday, June 29th. Finally, Investec restated a “buy” rating and set a GBX 356 ($4.73) price target on shares of Glencore PLC in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Glencore PLC currently has an average rating of “Buy” and an average target price of GBX 375 ($4.98).

Glencore PLC (LON:GLEN) opened at 376.858 on Wednesday. The stock’s 50 day moving average price is GBX 357.86 and its 200 day moving average price is GBX 320.25. Glencore PLC has a one year low of GBX 227.90 and a one year high of GBX 386.70. The stock’s market cap is GBX 53.74 billion.

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In other news, insider Martin J. Gilbert purchased 50,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 338 ($4.49) per share, for a total transaction of £169,000 ($224,554.88).

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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