Glencore PLC (LON:GLEN) Rating Reaffirmed
In an interesting research report sent to investors and clients on Monday morning, The Sector Performer rating of Glencore PLC (LON:GLEN) shares was reaffirmed at RBC Capital Markets, who now has a GBX 115.00 TP on the stock. RBC Capital Markets’s TP may imply a possible upside of 34.30% from the closing share price of the company.
From a total of 23 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 3.34 while the lowest target price is GBX 1.17. The mean of all analyst targets is GBX 2.27 with a 91.56% above today’s (GBX 85.05) stock price. Glencore PLC was the topic of 165 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 14 with “Sector Performer” rating. Bernstein maintained shares with “Outperform” rating and GBX 145 target share price in a report from a December 7. Deutsche Bank maintained GLEN stock in a recent report from December 11 with “Buy” rating. Morgan Stanley maintained the rating on December 1. Morgan Stanley has a “Equalwt/Attractive” rating and a GBX 153 price target on shares. Finally, Liberum Capital maintained the stock with “Hold” rating in a report issued on a December 10.
Approximately 7.98M shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 70.89% since May 15, 2015 and is downtrending. It has underperformed by 66.48% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 12.24 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.