Glencore PLC (LON:GLEN) Rating Reaffirmed
In a recent research report issued to clients and investors by Citigroup on 21 December, The Rating on Glencore PLC (LON:GLEN) shares of a ‘”Buy”‘ was has restated.
From a total of 25 analysts covering Glencore PLC (LON:GLEN) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 3.28 while the lowest target price is GBX 1.15. The mean of all analyst targets is GBX 2.11 with a 93.32% above today’s (GBX 80.86) stock price. Glencore PLC was the topic of 173 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 17 with “Hold” rating. JP Morgan upgraded shares to “Overweight” rating and GBX 160 target share price in a report from a December 15. Bernstein maintained GLEN stock in a recent report from December 16 with “Outperform” rating. RBC Capital Markets maintained the rating on December 14. RBC Capital Markets has a “Sector Performer” rating and a GBX 115 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a December 16.
The stock closed the day at GBX 80.86 during the previous session. It is down 72.35% since May 22, 2015 and is downtrending. It has underperformed by 66.54% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 11.64 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.