Glencore PLC (GLEN) Given “Buy” Rating at Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Glencore PLC (LON:GLEN) in a research note published on Wednesday. The brokerage currently has a GBX 450 ($5.94) price objective on the natural resources company’s stock.

Other equities analysts have also issued reports about the stock. Citigroup Inc. restated a buy rating and issued a GBX 350 ($4.62) price objective on shares of Glencore PLC in a report on Friday, July 28th. HSBC Holdings plc reiterated a buy rating and set a GBX 380 ($5.01) target price on shares of Glencore PLC in a research note on Friday, July 28th. UBS AG set a GBX 350 ($4.62) target price on shares of Glencore PLC and gave the company a buy rating in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Glencore PLC from GBX 360 ($4.75) to GBX 350 ($4.62) and set a buy rating for the company in a research note on Wednesday, July 5th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 375 ($4.95) target price on shares of Glencore PLC in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 378.67 ($5.00).

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In other Glencore PLC news, insider Martin J. Gilbert bought 50,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of GBX 338 ($4.46) per share, for a total transaction 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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