Glencore (GLEN) Earns “Hold” Rating from Liberum Capital

Glencore (LON:GLEN)‘s stock had its “hold” rating reaffirmed by investment analysts at Liberum Capital in a research note issued to investors on Wednesday.

Other equities analysts have also issued reports about the company. Goldman Sachs Group set a GBX 500 ($6.53) price target on Glencore and gave the company a “buy” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. set a GBX 550 ($7.19) price target on Glencore and gave the company a “buy” rating in a research note on Wednesday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 400 ($5.23) price target on shares of Glencore in a research note on Wednesday, August 8th. Credit Suisse Group set a GBX 480 ($6.27) price target on Glencore and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, HSBC set a GBX 460 ($6.01) price target on Glencore and gave the company a “buy” rating in a research note on Thursday, July 12th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Glencore currently has an average rating of “Buy” and a consensus target price of GBX 393.57 ($5.14).

Shares of GLEN opened at GBX 315 ($4.12) on Wednesday. Glencore has a 52-week low of GBX 270 ($3.53) and a 52-week 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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