Glencore PLC (GLEN) Sets New 12-Month High on Analyst Upgrade

Shares of Glencore PLC (LON:GLEN) hit a new 52-week high on Friday after Deutsche Bank AG raised their price target on the stock from GBX 420 to GBX 430. Deutsche Bank AG currently has a buy rating on the stock. Glencore PLC traded as high as GBX 379 ($4.98) and last traded at GBX 376.60 ($4.95), with a volume of shares changing hands.

GLEN has been the topic of a number of other reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 410 ($5.39) price target on shares of Glencore PLC in a research report on Thursday, August 31st. Macquarie restated an “outperform” rating and set a GBX 395 ($5.19) price target on shares of Glencore PLC in a research report on Wednesday, August 30th. Barclays PLC restated an “overweight” rating and set a GBX 400 ($5.26) price target on shares of Glencore PLC in a research report on Monday, September 25th. BNP Paribas set a GBX 440 ($5.78) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, UBS AG set a GBX 350 ($4.60) price target on shares of Glencore PLC and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 375 ($4.93).

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

TRADEMARK VIOLATION WARNING: “Glencore PLC (GLEN) Sets New 12-Month High on Analyst Upgrade” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/10/13/glencore-plc-glen-sets-new-12-month-high-on-analyst-upgrade.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.

Latest News

Leave a Reply