Trade Report: Today, Glencore PLC’s (GLEN) “Hold” Rating Reaffirm at Liberum Capital

Today, Glencore PLC’s (GLEN) “Hold” Rating Reaffirm at Liberum Capital

Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reiterated by investment 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 target price indicates a potential downside of 13.37% from the stock’s previous close.

A number of other brokerages have also commented on GLEN. Independent Research GmbH set a GBX 260 ($3.25) price target on Glencore PLC and gave the company a “neutral” rating in a report on Tuesday, November 8th. RBC Capital Markets set a GBX 210 ($2.62) price target on Glencore PLC and gave the company a “buy” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. raised their price target on Glencore PLC from GBX 220 ($2.75) to GBX 260 ($3.25) and gave the company a “neutral” rating in a report on Monday, November 7th. Macquarie reissued a “neutral” rating and set a GBX 200 ($2.50) price target on shares of Glencore PLC in a report on Tuesday, September 20th. Finally, Canaccord Genuity raised their price target on Glencore PLC from GBX 220 ($2.75) to GBX 250 ($3.12) and gave the company a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Glencore PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 209.96 ($2.62).

Glencore PLC (LON:GLEN) traded down 1.82% on Friday, reaching GBX 283.35. 19,681,408 shares of the company’s stock were exchanged. The firm’s 50 day moving average is GBX 249.30 and its 200 day moving average is GBX 189.79. The stock’s market capitalization is GBX 40.31 billion. Glencore PLC has a 1-year low of GBX 69.26 and a 1-year high of GBX 292.00.

In other Glencore PLC news, insider William Macaulay sold 1,500,000 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of GBX 260 ($3.25), for a total value of £3,900,000 ($4,872,563.72).

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