Glencore (GLEN) Rating Reiterated by Royal Bank of Canada

Glencore (LON:GLEN)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank of Canada in a research note issued on Wednesday.

A number of other research analysts have also recently weighed in on GLEN. HSBC set a GBX 440 ($5.75) price objective on shares of Glencore and gave the company a “buy” rating in a report on Wednesday, August 1st. JPMorgan Chase & Co. set a GBX 340 ($4.44) target price on shares of Glencore and gave the stock a “neutral” rating in a research note on Monday. UBS Group reissued a “neutral” rating and set a GBX 360 ($4.70) target price on shares of Glencore in a research note on Monday. Cfra set a GBX 370 ($4.83) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Monday. Finally, Goldman Sachs Group set a GBX 400 ($5.23) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Friday, October 26th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 393.57 ($5.14).

GLEN traded up GBX 1.60 ($0.02) on Wednesday, reaching GBX 329.90 ($4.31). The stock had a trading volume of 29,124,462 shares, compared to its average volume of 46,120,000. Glencore has a 12-month low of GBX 270 ($3.53) and a 12-month high of GBX 416.91 ($5.45).

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.

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Analyst Recommendations for Glencore (LON:GLEN)

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