Glencore plc (LON:GLEN – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 3.95 ($0.05) and last traded at GBX 391 ($5.17), with a volume of 465106125 shares changing hands. The stock had previously closed at GBX 379.85 ($5.02).
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on GLEN shares. Deutsche Bank Aktiengesellschaft dropped their price target on Glencore from GBX 530 ($7.00) to GBX 500 ($6.61) and set a “buy” rating on the stock in a research report on Monday, September 9th. Bank of America reissued a “buy” rating and set a GBX 500 ($6.61) target price on shares of Glencore in a report on Wednesday, June 26th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 516.25 ($6.82).
Get Our Latest Stock Report on GLEN
Glencore Stock Performance
Insider Buying and Selling at Glencore
In other news, insider Martin J. Gilbert bought 3,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of GBX 409 ($5.40) per share, for a total transaction of £12,270 ($16,208.72). Company insiders own 10.35% of the company’s stock.
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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