Glencore (GLEN) Earns “Buy” Rating from Citigroup

Citigroup reaffirmed their buy rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Friday morning.

Other research analysts also recently issued research reports about the company. Goldman Sachs set a GBX 450 ($6.32) price target on Glencore and gave the company a buy rating in a report on Monday, December 11th. Liberum Capital reiterated a sell rating and set a GBX 300 ($4.21) price target on shares of Glencore in a report on Tuesday, December 12th. JPMorgan Chase reiterated a neutral rating and set a GBX 320 ($4.49) price target on shares of Glencore in a report on Wednesday, December 13th. Deutsche Bank reiterated a buy rating and set a GBX 430 ($6.04) price target on shares of Glencore in a report on Wednesday, December 13th. Finally, Jefferies Group reiterated a buy rating and set a GBX 450 ($6.32) price target on shares of Glencore in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 421.95 ($5.92).

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Shares of LON GLEN traded down GBX 7.60 ($0.11) during mid-day trading on Friday, reaching GBX 351.15 ($4.93). The company had a trading volume of 37,116,281 shares, compared to its average volume of 46,120,000. Glencore has a 1-year low of GBX 270 ($3.79) and a 1-year high of GBX 416.91 ($5.85).

The company also recently disclosed a dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 6th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 6th. This represents a yield of 1.81%.

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About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. 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.

Analyst Recommendations for Glencore (LON:GLEN)

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