Glencore PLC (GLEN) Given a GBX 420 Price Target by Macquarie Analysts

Glencore PLC (LON:GLEN) has been given a GBX 420 ($5.52) price objective by investment analysts at Macquarie in a research note issued on Wednesday. The firm presently has a “buy” rating on the natural resources company’s stock. Macquarie’s price target would indicate a potential upside of 14.69% from the stock’s current price.

GLEN has been the topic of several other research reports. Jefferies Group LLC increased their price objective on shares of Glencore PLC from GBX 400 ($5.26) to GBX 450 ($5.92) and gave the stock a “buy” rating in a research note on Thursday, August 31st. UBS AG set a GBX 350 ($4.60) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Morgan Stanley set a GBX 347 ($4.56) price objective on shares of Glencore PLC and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Citigroup Inc. reiterated a “buy” rating and set a GBX 400 ($5.26) price objective on shares of Glencore PLC in a research note on Monday. Finally, Deutsche Bank AG upgraded shares of Glencore PLC to a “buy” rating and increased their price objective for the stock from GBX 300 ($3.94) to GBX 420 ($5.52) in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 374.58 ($4.92).

Glencore PLC (GLEN) opened at 366.20 on Wednesday. The stock’s market cap is GBX 52.22 billion. The company’s 50 day moving average price is GBX 355.54 and its 200-day moving average price is GBX 318.54. Glencore PLC has a 12-month low of GBX 218.50 and a 12-month high of GBX 374.70.

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GLEN has been the topic of several other research reports. Jefferies Group LLC increased their price objective on shares of Glencore PLC from GBX 400 ($5.26) to GBX 450 ($5.92) and gave the stock a “buy” rating in a research note on Thursday, August 31st. UBS AG set a GBX 350 ($4.60) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Morgan Stanley set a GBX 347 ($4.56) price objective on shares of Glencore PLC and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Citigroup Inc. reiterated a “buy” rating and set a GBX 400 ($5.26) price objective on shares of Glencore PLC in a research note on Monday. Finally, Deutsche Bank AG upgraded shares of Glencore PLC to a “buy” rating and increased their price objective for the stock from GBX 300 ($3.94) to GBX 420 ($5.52) in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 374.58 ($4.92).

Glencore PLC (GLEN) opened at 366.20 on Wednesday. The stock’s market cap is GBX 52.22 billion. The company’s 50 day moving average price is GBX 355.54 and its 200-day moving average price is GBX 318.54. Glencore PLC has a 12-month low of GBX 218.50 and a 12-month high of GBX 374.70.

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In related news, insider Martin J. Gilbert bought 50,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was bought at an average price of GBX 338 ($4.44) per share, for a total transaction of £169,000 ($222,193.01).

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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