HSBC Holdings plc set a GBX 420 ($5.57) target price on Glencore PLC (LON:GLEN) in a research note released on Tuesday morning. The firm currently has a buy rating on the natural resources company’s stock.

GLEN has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reduced their target price on Glencore PLC from GBX 360 ($4.78) to GBX 350 ($4.64) and set a buy rating for the company in a report on Wednesday, July 5th. Royal Bank Of Canada set a GBX 430 ($5.70) price target on shares of Glencore PLC and gave the stock a buy rating in a research note on Thursday, June 29th. Investec reaffirmed a buy rating and set a GBX 356 ($4.72) price target on shares of Glencore PLC in a research note on Monday, June 26th. Citigroup Inc. reiterated a buy rating and issued a GBX 400 ($5.31) price target on shares of Glencore PLC in a report on Monday, June 26th. Finally, Jefferies Group LLC cut their price target on shares of Glencore PLC from GBX 380 ($5.04) to GBX 330 ($4.38) and set a buy rating for the company in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 371.25 ($4.92).

Glencore PLC (GLEN) traded up 1.40% on Tuesday, hitting GBX 358.55. 13,868,496 shares of the company traded hands. Glencore PLC has a 12 month low of GBX 213.00 and a 12 month high of GBX 374.70. The stock’s market cap is GBX 51.13 billion. The stock’s 50-day moving average is GBX 352.24 and its 200 day moving average is GBX 317.27.

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In related news, insider Martin J. Gilbert bought 50,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of GBX 338 ($4.48) per share, for a total transaction of £169,000 ($224,167.66).

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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