Glencore PLC (LON:GLEN) Rating Reaffirmed
Investment analysts at Macquarie now has a GBX 200.00 target PPS on Glencore PLC (LON:GLEN). Macquarie and their recent target PPS implies a potential upside of 120.58% from the company’s closing share price. The rating has been announced to investors in an analyst research report on Monday morning.
From a total of 27 analysts covering Glencore PLC (LON:GLEN) stock, 15 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is GBX 450 while the lowest target price is GBX 77. The mean of all analyst targets is GBX 182.08 with a 102.83% above today’s (GBX 89.77) stock price. Glencore PLC was the topic of 152 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 26 with “Buy” rating. UBS maintained shares with “Buy” rating and GBX 180 target share price in a report from a November 20. SBG Securities maintained GLEN stock in a recent report from November 25 with “Buy” rating. Deutsche Bank maintained the rating on November 19. Deutsche Bank has a “Buy” rating and a GBX 200 price target on shares. Finally, Macquarie Research maintained the stock with “Outperform” rating in a report issued on a November 23.
Approximately 8.23M shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 70.61% since May 1, 2015 and is downtrending. It has underperformed by 69.72% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 12.92 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.