Glencore PLC (LON:GLEN)‘s stock had its “hold” rating restated by stock analysts at Liberum Capital in a report released on Friday. They currently have a GBX 250 ($3.12) target price on the natural resources company’s stock. Liberum Capital’s price target suggests a potential downside of 13.37% from the company’s previous close.
GLEN has been the topic of a number of other reports. Goldman Sachs Group Inc. set a GBX 150 ($1.87) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research note on Friday, October 21st. Societe Generale set a GBX 275 ($3.44) target price on shares of Glencore PLC and gave the company a “buy” rating in a research note on Tuesday, October 11th. RBC Capital Markets set a GBX 210 ($2.62) target price on shares of Glencore PLC and gave the company a “buy” rating in a research note on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.25) target price on shares of Glencore PLC and gave the company a “neutral” rating in a research note on Friday, September 30th. Finally, Jefferies Group decreased their price target on shares of Glencore PLC from GBX 200 ($2.50) to GBX 180 ($2.25) and set a “hold” rating on the stock in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 209.96 ($2.62).
Glencore PLC (LON:GLEN) opened at 288.60 on Friday. The company’s market cap is GBX 41.06 billion. Glencore PLC has a 52-week low of GBX 69.26 and a 52-week high of GBX 292.00. The firm has a 50-day moving average of GBX 249.30 and a 200 day moving average of GBX 189.79.
In related news, insider William Macaulay sold 1,500,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of GBX 260 ($3.25), for a total value of £3,900,000 ($4,872,563.72).