Glencore PLC (GLEN) Earns “Outperform” Rating from Macquarie

Macquarie reiterated their outperform rating on shares of Glencore PLC (LON:GLEN) in a report published on Monday. Macquarie currently has a GBX 418 ($5.52) price objective on the natural resources company’s stock.

A number of other equities research analysts have also recently weighed in on GLEN. UBS AG set a GBX 350 ($4.62) price objective on shares of Glencore PLC and gave the stock a buy rating in a report on Thursday, July 6th. Canaccord Genuity restated a buy rating and issued a GBX 375 ($4.95) price objective on shares of Glencore PLC in a report on Friday, August 11th. S&P Global set a GBX 300 ($3.96) price objective on shares of Glencore PLC and gave the stock a sell rating in a report on Thursday, August 10th. Deutsche Bank AG restated a hold rating and issued a GBX 300 ($3.96) price objective on shares of Glencore PLC in a report on Friday, August 11th. Finally, Liberum Capital cut shares of Glencore PLC to a sell rating and upped their price objective for the stock from GBX 285 ($3.76) to GBX 300 ($3.96) in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 378.67 ($5.00).

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In other news, insider Martin J. Gilbert acquired 50,000 shares of Glencore PLC stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of GBX 338 ($4.46) per share, with a total value of £169,000 ($223,013.99).

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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