Glencore PLC (LON:GLEN) Rating Reaffirmed
In a comprehensive report revealed to clients on Thursday, 10 December, The “Hold” rating of Glencore PLC (LON:GLEN) shares was reconfirmed by Liberum Capital, who now has a GBX 125.00 target on the stock. Liberum Capital’s target suggests a possible upside of 39.01% from the closing share price of the company.
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 3.32 while the lowest target price is GBX 1.16. The mean of all analyst targets is GBX 2.27 with a 79.00% above today’s (GBX 91.24) stock price. Glencore PLC was the topic of 160 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Outperform” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 175 target share price in a report from a November 30. RBC Capital Markets initiated GLEN stock in a recent report from December 3 with “Sector Perform” rating. Macquarie Research maintained the rating on November 30. Macquarie Research has a “Outperform” rating and a GBX 200 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a December 1.
Approximately 30.21 million shares of stock traded hands. Glencore PLC (LON:GLEN) has declined 72.39% since May 13, 2015 and is downtrending. It has underperformed by 70.46% the S&P500.
Glencore plc, formerly Glencore Xstrata Plc, is a Switzerland natural resource company. The company has a market cap of 12.60 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.