Breaking: Glencore PLC (LON:GLEN) Buy Rating Restated by equity analysts Deutsche Bank Today; The Target Price Given is GBX 200.00

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Glencore PLC (LON:GLEN) Rating Reaffirmed

London: In a very recent research note sent to investors and clients on Friday, 11 December, Deutsche Bank reconfirmed their Buy rating on Glencore PLC (LON:GLEN) shares. They now have a GBX 200.00 target price on the firm. Deutsche Bank’s target indicates a potential upside of 119.23% from the company’s last stock close.

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 3.32 while the lowest target price is GBX 1.16. The mean of all analyst targets is GBX 2.27 with a 83.18% above today’s (GBX 88.61) stock price. Glencore PLC was the topic of 162 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets maintained shares on December 10 with “Outperform” rating. Morgan Stanley maintained shares with “Equalwt/Attractive” rating and GBX 153 target share price in a report from a December 1. Bernstein maintained GLEN stock in a recent report from December 7 with “Outperform” rating. Credit Suisse maintained the rating on November 30. Credit Suisse has a “Outperform” rating and a GBX 175 price target on shares. Finally, RBC Capital Markets initiated the stock with “Sector Perform” rating in a report issued on a December 3.

Approximately 9.06 million shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 70.24% since May 14, 2015 and is downtrending. It has underperformed by 67.22% the S&P500.

Breaking: Glencore PLC (LON:GLEN) Buy Rating Restated by equity analysts Deutsche Bank Today; The Target Price Given is GBX 200.00

Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 11.70 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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