Glencore (GLEN) Earns Sell Rating from Liberum Capital
Liberum Capital restated their sell rating on shares of Glencore (LON:GLEN) in a research report released on Thursday. Liberum Capital currently has a GBX 300 ($4.07) price target on the natural resources company’s stock.
Several other research analysts also recently commented on GLEN. JPMorgan Chase & Co. raised their price objective on Glencore from GBX 450 ($6.10) to GBX 470 ($6.37) and gave the stock an overweight rating in a report on Thursday. UBS Group set a GBX 380 ($5.15) price objective on Glencore and gave the stock a neutral rating in a report on Wednesday. Goldman Sachs Group set a GBX 450 ($6.10) price objective on Glencore and gave the stock a buy rating in a report on Tuesday, January 9th. Morgan Stanley set a GBX 347 ($4.71) price objective on Glencore and gave the stock a neutral rating in a report on Tuesday, September 26th. Finally, Royal Bank of Canada set a GBX 450 ($6.10) price objective on Glencore and gave the stock a buy rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 398.61 ($5.41).
Glencore (LON:GLEN) traded up GBX 0.80 ($0.01) on Thursday, reaching GBX 407.55 ($5.53). The company’s stock had a trading volume of 48,618,914 shares, compared to its average volume of 34,680,000. The stock has a market cap of $58,530.00 and a P/E ratio of 3,705.00. Glencore has a one year low of GBX 270 ($3.66) and a one year high of GBX 411 ($5.57).
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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