Glencore (LON:GLEN) Rating Reaffirmed
Bernstein now has a GBX 145 target price per share on shares of Glencore (LON:GLEN). The target price per share suggests a potential upside of 76.81% from the price per share of Glencore (LON:GLEN). This rating was announced to investors in an analyst note on 16 December.
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 89.68% above today’s (GBX 83.36) 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 28.51M 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 11.71 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.