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).
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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.
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