Glencore (LON:GLEN) Rating Reaffirmed
Recently, In analysts note shared with investors on Monday morning, Glencore (LON:GLEN) shares have had their Outperform Rating has reaffirmed by professional analysts at Bernstein, who currently has a GBX 145 price target on firm. This target by Bernstein would suggest the possibile upside of 62.78% from the last stock close price.
From a total of 24 analysts covering Glencore PLC (LON:GLEN) stock, 17 rate it a ”Buy”, 4 a “Sell”, and 7 a ”Hold”. This means that 61% of the ratings are positive. The highest target price is GBX 6.81 while the lowest target price is GBX 1.17. The mean of all analyst targets is GBX 2.49 with a 101.82% above today’s (GBX 86.97) stock price. Glencore PLC was the topic of 158 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets initiated shares on December 3 with “Sector Perform” rating. Macquarie Research maintained shares with “Outperform” rating and GBX 200 target share price in a report from a November 30. Deutsche Bank maintained GLEN stock in a recent report from December 1 with “Buy” rating. Goldman Sachs maintained the rating on November 25. Goldman Sachs has a “Neutral” rating and a GBX 100 price target on shares. Finally, Bernstein maintained the stock with “Outperform” rating in a report issued on a November 30.
Approximately 14.50 million shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 71.15% since May 8, 2015 and is downtrending. It has underperformed by 70.08% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 12.52 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.