Glencore PLC (LON:GLEN) Rating Reaffirmed
The brokerage firm has just set a target PPS of GBX 130.00 on Glencore PLC (LON:GLEN) shares. This is 53.83% from the stock price. In analysts report issued to clients and investors on Thursday, 17 December, Credit Suisse reconfirmed their “Outperform” rating on shares of GLEN.
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 2.19 with a 91.41% above today’s (GBX 82.61) stock price. Glencore PLC was the topic of 171 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein 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. Deutsche Bank maintained GLEN stock in a recent report from December 16 with “Buy” rating. Canaccord Genuity maintained the rating on December 14. Canaccord Genuity has a “Buy” rating and a GBX 190 price target on shares. Finally, Credit Suisse maintained the stock with “Restricted” rating in a report issued on a December 15.
The stock decreased 2.06% or GBX 1.74 on December 16, striking GBX 82.61. Approximately shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 71.16% since May 20, 2015 and is downtrending. It has underperformed by 68.90% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 11.94 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.