Citigroup Reaffirms Buy Rating for Glencore (GLEN)

Citigroup restated their buy rating on shares of Glencore (LON:GLEN) in a research report report published on Tuesday.

Several other research analysts have also issued reports on the stock. Macquarie reissued an outperform rating on shares of Glencore in a research note on Wednesday, October 18th. Societe Generale raised their price objective on shares of Glencore from GBX 400 ($5.38) to GBX 470 ($6.33) and gave the company a buy rating in a research note on Thursday, November 9th. Liberum Capital lowered shares of Glencore to a sell rating and raised their price objective for the company from GBX 285 ($3.84) to GBX 300 ($4.04) in a research note on Thursday, October 26th. Royal Bank Of Canada reaffirmed an outperform rating and issued a GBX 410 ($5.52) price objective on shares of Glencore in a research note on Thursday, August 31st. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 445 ($5.99) price objective on shares of Glencore in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 389.04 ($5.24).

Glencore (LON:GLEN) opened at GBX 345.50 ($4.65) on Tuesday. Glencore has a 12 month low of GBX 260.50 ($3.51) and a 12 month high of GBX 388.25 ($5.23).

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Glencore Company Profile

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.

Analyst Recommendations for Glencore (LON:GLEN)

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