Glencore PLC (LON:GLEN) had its target price upped by equities research analysts at JPMorgan Chase & Co. from GBX 220 ($2.75) to GBX 260 ($3.25) in a note issued to investors on Monday. The firm currently has a “neutral” rating on the natural resources company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 8.22% from the company’s current price.
GLEN has been the topic of a number of other research reports. Goldman Sachs Group Inc. set a GBX 150 ($1.87) target price on Glencore PLC and gave the company a “neutral” rating in a report on Friday, October 21st. Societe Generale set a GBX 275 ($3.44) target price on Glencore PLC and gave the company a “buy” rating in a report on Tuesday, October 11th. RBC Capital Markets set a GBX 210 ($2.62) price target on Glencore PLC and gave the company a “buy” rating in a research report on Thursday, September 8th. Citigroup Inc. set a GBX 180 ($2.25) price target on Glencore PLC and gave the company a “neutral” rating in a research report on Friday, September 30th. Finally, Jefferies Group decreased their price target on Glencore PLC from GBX 200 ($2.50) to GBX 180 ($2.25) and set a “hold” rating for the company in a research report on Tuesday, August 30th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Glencore PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 213.56 ($2.67).
Glencore PLC (LON:GLEN) traded down 1.84% during mid-day trading on Monday, hitting GBX 283.30. The stock had a trading volume of 29,908,870 shares. Glencore PLC has a 12 month low of GBX 69.26 and a 12 month high of GBX 292.00. The firm’s 50-day moving average is GBX 251.15 and its 200 day moving average is GBX 190.40. The company’s market cap is GBX 40.31 billion.
In other Glencore PLC news, insider William Macaulay sold 1,500,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of GBX 260 ($3.25), for a total transaction of £3,900,000 ($4,872,563.72).