Glencore PLC (LON:GLEN) PT Set at GBX 400 by Credit Suisse Group

Glencore PLC (LON:GLEN) has been assigned a GBX 400 ($5.21) target price by equities researchers at Credit Suisse Group in a research note issued on Friday. The firm presently has a “buy” rating on the natural resources company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 20.68% from the stock’s current price.

A number of other brokerages also recently issued reports on GLEN. UBS AG set a GBX 350 ($4.56) price objective on Glencore PLC and gave the stock a “buy” rating in a research report on Thursday. HSBC Holdings plc cut their price objective on Glencore PLC from GBX 390 ($5.08) to GBX 380 ($4.95) and set a “buy” rating for the company in a research report on Friday, July 14th. Jefferies Group LLC reissued a “buy” rating and set a GBX 380 ($4.95) price objective on shares of Glencore PLC in a research report on Wednesday, May 24th. Deutsche Bank AG cut their price objective on Glencore PLC from GBX 330 ($4.30) to GBX 290 ($3.78) and set a “hold” rating for the company in a research report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on Glencore PLC from GBX 360 ($4.69) to GBX 350 ($4.56) and set a “buy” rating for the company in a research report on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Glencore PLC presently has an average rating of “Hold” and an average price target of GBX 343.04 ($4.47).

Glencore PLC (GLEN) opened at 319.65 on Friday. The stock’s market capitalization is GBX 45.55 billion. Glencore PLC has a 1-year low of GBX 171.50 and a 1-year high of GBX 348.25. The firm’s 50-day moving average is GBX 313.63 and its 200 day moving average is GBX 310.17.

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In other news, insider Martin J. Gilbert purchased 50,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of GBX 338 ($4.40) per share, with a total value of £169,000 ($220,080.74).

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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