Trading Report: Today, Liberum Capital Reiterates “Hold” Rating for Glencore PLC (GLEN)

Today, Liberum Capital Reiterates “Hold” Rating for Glencore PLC (GLEN)

Glencore PLC (LON:GLEN)‘s stock had its “hold” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Friday. They presently have a GBX 250 ($3.10) price target on the natural resources company’s stock. Liberum Capital’s price objective would indicate a potential downside of 12.61% from the company’s current price.

A number of other analysts also recently commented on the company. Canaccord Genuity boosted their target price on Glencore PLC from GBX 220 ($2.73) to GBX 250 ($3.10) and gave the stock a “hold” rating in a research report on Tuesday, November 22nd. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 280 ($3.47) target price on shares of Glencore PLC in a research report on Wednesday, November 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 260 ($3.23) target price on shares of Glencore PLC in a research report on Wednesday, November 16th. Macquarie boosted their target price on Glencore PLC from GBX 250 ($3.10) to GBX 290 ($3.60) and gave the stock a “neutral” rating in a research report on Monday, November 14th. Finally, Investec reiterated a “hold” rating and set a GBX 247 ($3.06) target price on shares of Glencore PLC in a research report on Friday, November 11th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 213.56 ($2.65).

Glencore PLC (LON:GLEN) opened at 285.00 on Friday. The stock’s 50 day moving average price is GBX 253.87 and its 200-day moving average price is GBX 192.29. The stock’s market capitalization is GBX 40.55 billion. Glencore PLC has a 12-month low of GBX 69.26 and a 12-month high of GBX 292.00.

In other Glencore PLC news, insider William Macaulay sold 1,500,000 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of GBX 260 ($3.23), for a total transaction of £3,900,000 ($4,838,109.42).

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