Glencore (GLEN) Receives Consensus Recommendation of “Buy” from Analysts

Glencore (LON:GLEN) has been assigned a consensus rating of “Buy” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 418.94 ($5.84).

Several equities research analysts have weighed in on the company. Royal Bank of Canada downgraded Glencore from a “top pick” rating to an “outperform” rating and cut their price target for the stock from GBX 460 ($6.42) to GBX 410 ($5.72) in a report on Monday, April 30th. JPMorgan Chase restated an “overweight” rating and set a GBX 550 ($7.67) price target on shares of Glencore in a report on Wednesday. Liberum Capital restated a “sell” rating and set a GBX 300 ($4.18) price target on shares of Glencore in a report on Monday, April 30th. HSBC cut their price target on Glencore from GBX 460 ($6.42) to GBX 450 ($6.28) and set a “buy” rating on the stock in a report on Wednesday, April 18th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 470 ($6.56) price target on shares of Glencore in a report on Thursday, February 22nd.

GLEN stock opened at GBX 360 ($5.02) on Friday. Glencore has a 12-month low of GBX 270 ($3.77) and a 12-month high of GBX 416.91 ($5.81).

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

Glencore Company Profile

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)

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's FREE daily email newsletter.

Leave a Reply