Glencore PLC (LON:GLEN) Rating
London: In an analyst report revealed to investors and clients on Monday, 11 April, Liberum Capital restate their Hold rating on shares of Glencore PLC (LON:GLEN). They currently have a GBX 125.00 target price on the company. Liberum Capital’s target would suggest a potential downside of -11.54% from the company’s previous close.
Out of 22 analysts covering Glencore PLC (LON:GLEN), 14 rate it “Buy”, 4 “Sell”, while 8 “Hold”. This means 54% are positive. GBX 165 is the highest target while GBX 0.9 is the lowest. The GBX 9.46 average target is 5.47% above today’s (GBX 141.2) stock price. Glencore PLC was the topic in 242 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock on April 8 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and GBX 180 target price in an April 1 report. Credit Suisse maintained the shares of GLEN in a report on April 7 with “Restricted” rating. Deutsche Bank downgraded the firm’s rating on March 23. Deutsche Bank has “Hold” rating and GBX 160 price target. Finally, Deutsche Bank maintained the stock with “Hold” rating in an April 4 report.
About 10.61M shares traded hands. Glencore PLC (LON:GLEN) has declined 5.13% since September 9, 2015 and is downtrending. It has underperformed by 10.20% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 20.23 billion GBP. The Firm operates in three divisions: Metals and Minerals, which includes copper, nickel, zinc/lead, alloys, alumina/aluminum and iron ore; Energy Products, which includes controlled and non-controlled coal mining and oil production activities and investments in strategic handling, storage and freight equipment and facilities, and Agricultural Products, which focuses on grains, oils/oilseeds, cotton and sugar. It currently has negative earnings. The Company’s operates in Americas, Asia Europe, Africa and Oceania.
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