Liberum Capital Gives Glencore (LON:GLEN) a Higher Rating. Will Other Analysts Follow Suit?

August 17, 2018 - By Winifred Garcia

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Glencore (LON:GLEN) Stock Upgrade

Research analysts at the Liberum Capital research division upgraded shares of Glencore (LON:GLEN) to a “Hold” on Friday morning. Liberum Capital currently has a target of GBX 300.00 on GLEN or -0.55 % more downside.

Glencore Plc (LON:GLEN) Ratings Coverage

Among 13 analysts covering Glencore PLC (LON:GLEN), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Glencore PLC has GBX 550 highest and GBX 300 lowest target. GBX 417.91’s average target is 37.02% above currents GBX 305 stock price. Glencore PLC had 54 analyst reports since February 20, 2018 according to SRatingsIntel. The firm has “Buy” rating by HSBC given on Thursday, August 9. The stock has “Buy” rating by Deutsche Bank on Thursday, August 9. The firm earned “Top Pick” rating on Tuesday, April 10 by RBC Capital Markets. The rating was maintained by Liberum Capital with “Sell” on Monday, April 30. The firm earned “Buy” rating on Wednesday, August 1 by Deutsche Bank. The stock of Glencore Plc (LON:GLEN) earned “Conviction Buy” rating by Goldman Sachs on Friday, April 6. The firm has “Outperform” rating given on Thursday, February 22 by Credit Suisse. The firm has “Buy” rating by Citigroup given on Monday, May 7. The stock of Glencore Plc (LON:GLEN) has “Buy” rating given on Wednesday, March 21 by Citigroup. On Wednesday, June 13 the stock rating was maintained by RBC Capital Markets with “Outperform”.

The stock increased 0.05% or GBX 0.15 during the last trading session, reaching GBX 305. About 41.03M shares traded. Glencore Plc (LON:GLEN) has 0.00% since August 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. The company has market cap of 43.12 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 7.62 P/E ratio. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

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