Glencore PLC (GLEN) Insider Buys £169,000 in Stock

Glencore PLC (LON:GLEN) insider Martin J. Gilbert bought 50,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of GBX 338 ($4.40) per share, for a total transaction of £169,000 ($220,080.74).

Glencore PLC (GLEN) opened at 322.00 on Friday. The firm’s market cap is GBX 4.86 billion. Glencore PLC has a 12-month low of GBX 171.50 and a 12-month high of GBX 348.25. The firm’s 50-day moving average is GBX 315.64 and its 200 day moving average is GBX 310.18.

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Several brokerages have recently issued reports on GLEN. UBS AG set a GBX 390 ($5.08) target price on shares of Glencore PLC and gave the company a “buy” rating in a research report on Monday, June 12th. Canaccord Genuity restated a “buy” rating and set a GBX 375 ($4.88) price target on shares of Glencore PLC in a research report on Friday. Deutsche Bank AG restated a “hold” rating and set a GBX 300 ($3.91) price target on shares of Glencore PLC in a research report on Friday. S&P Global set a GBX 300 ($3.91) price target on shares of Glencore PLC and gave the stock a “sell” rating in a research report on Thursday. Finally, Credit Suisse Group boosted their price target on shares of Glencore PLC from GBX 390 ($5.08) to GBX 400 ($5.21) and gave the stock an “outperform” rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. Glencore PLC has a consensus rating of “Hold” and a consensus price target of GBX 343.04 ($4.47).

About Glencore PLC

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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