Glencore PLC (LON:GLEN) Rating Reaffirmed
London: In an interesting research report disseminated on Wednesday, 16 December, Exane BNP Paribas maintained their “Outperform” rating on Glencore PLC (LON:GLEN) shares. They now have a GBX 145.00 Estimated Target Price on the firm. Exane BNP Paribas’s target indicates a potential upside of 74.87% from the company’s 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 3.33 while the lowest target price is GBX 1.17. The mean of all analyst targets is GBX 2.23 with a 90.53% above today’s (GBX 82.99) stock price. Glencore PLC was the topic of 170 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 16 with “Outperform” rating. RBC Capital Markets maintained shares with “Sector Performer” rating and GBX 115 target share price in a report from a December 14. JP Morgan upgraded GLEN stock in a recent report from December 15 to “Overweight” rating. Liberum Capital maintained the rating on December 10. Liberum Capital has a “Hold” rating and a GBX 125 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a December 14.
Approximately 16.35M shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 71.56% since May 19, 2015 and is downtrending. It has underperformed by 68.94% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 11.66 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.