Glencore PLC (GLEN) Stock Rating Reaffirmed by J P Morgan Chase & Co

Glencore PLC (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by J P Morgan Chase & Co in a research note issued to investors on Tuesday. They currently have a GBX 310 ($4.09) price target on the natural resources company’s stock. J P Morgan Chase & Co’s price target indicates a potential downside of 14.60% from the company’s current price.

Other analysts have also recently issued reports about the stock. HSBC Holdings plc reissued a “buy” rating and issued a GBX 380 ($5.01) price objective on shares of Glencore PLC in a research note on Friday, July 28th. UBS AG set a GBX 350 ($4.62) price objective on shares of Glencore PLC and gave the stock a “buy” rating in a research note on Thursday, July 6th. Liberum Capital reissued a “hold” rating and issued a GBX 285 ($3.76) price objective on shares of Glencore PLC in a research note on Thursday, August 10th. Canaccord Genuity reissued a “buy” rating and issued a GBX 375 ($4.95) price objective on shares of Glencore PLC in a research note on Friday, August 11th. Finally, 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 research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given 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 Glencore PLC news, insider Martin J. Gilbert bought 50,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of GBX 338 ($4.46) per share, with a total value of £169,000 ($223,013.99).

Glencore PLC Company Profile

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.

Analyst Recommendations for Glencore PLC (LON:GLEN)

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