Glencore (GLEN) Receives “Buy” Rating from Citigroup
Citigroup reissued their buy rating on shares of Glencore (LON:GLEN) in a research note issued to investors on Wednesday. They currently have a GBX 410 ($5.52) price objective on the natural resources company’s stock.
A number of other analysts also recently issued reports on the company. Macquarie reaffirmed an outperform rating on shares of Glencore in a research report on Wednesday, October 18th. Societe Generale lifted their target price on Glencore from GBX 400 ($5.38) to GBX 470 ($6.33) and gave the company a buy rating in a research report on Thursday, November 9th. Liberum Capital downgraded Glencore to a sell rating and lifted their target price for the company from GBX 285 ($3.84) to GBX 300 ($4.04) in a research report on Thursday, October 26th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 410 ($5.52) target price on shares of Glencore in a research report on Thursday, August 31st. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 445 ($5.99) target price on shares of Glencore in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 396.43 ($5.34).
Glencore (GLEN) traded up GBX 3.35 ($0.05) during trading hours on Wednesday, hitting GBX 357.35 ($4.81). The company had a trading volume of 37,799,500 shares, compared to its average volume of 36,220,000. Glencore has a twelve month low of GBX 260.50 ($3.51) and a twelve month high of GBX 388.25 ($5.23).
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.
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.