Bank of America reissued their buy rating on shares of Glencore (LON:GLEN – Free Report) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 500 ($6.34) price target on the natural resources company’s stock.
A number of other equities analysts also recently weighed in on GLEN. Barclays reaffirmed an equal weight rating and issued a GBX 515 ($6.53) price target on shares of Glencore in a research note on Wednesday, May 1st. Jefferies Financial Group restated a buy rating and set a GBX 550 ($6.98) price target on shares of Glencore in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Glencore presently has a consensus rating of Moderate Buy and a consensus target price of GBX 531.25 ($6.74).
View Our Latest Stock Analysis on GLEN
Glencore Trading Down 0.7 %
Insider Activity at Glencore
In related news, insider Martin J. Gilbert bought 10,000 shares of Glencore stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of GBX 486 ($6.17) per share, for a total transaction of £48,600 ($61,651.66). 10.35% of the stock is owned by corporate insiders.
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.
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