Are Analysts Bullish about Glencore Plc (LON:GLEN) after last week?

August 9, 2018 - By Kristin Houston

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Glencore Plc (LON:GLEN) Ratings Coverage

Among 13 analysts covering Glencore PLC (LON:GLEN), 9 have Buy rating, 2 Sell and 2 Hold. Therefore 69% are positive. Glencore PLC had 57 analyst reports since February 13, 2018 according to SRatingsIntel. The company was maintained on Monday, May 7 by Citigroup. The firm earned “Outperform” rating on Thursday, February 22 by Credit Suisse. Liberum Capital maintained the shares of GLEN in report on Wednesday, June 13 with “Sell” rating. The stock of Glencore Plc (LON:GLEN) has “Top Pick” rating given on Tuesday, April 10 by RBC Capital Markets. As per Wednesday, March 21, the company rating was maintained by Citigroup. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 11. The rating was maintained by UBS with “Neutral” on Friday, July 6. JP Morgan maintained it with “Overweight” rating and GBX 550 target in Thursday, April 5 report. The stock of Glencore Plc (LON:GLEN) has “Outperform” rating given on Thursday, February 15 by Credit Suisse. RBC Capital Markets upgraded Glencore Plc (LON:GLEN) rating on Wednesday, April 4. RBC Capital Markets has “Top Pick” rating and GBX 460 target. Below is a list of Glencore Plc (LON:GLEN) latest ratings and price target changes.

09/08/2018 Broker: HSBC Rating: Buy Old Target: GBX 440.00 New Target: GBX 420.00 Maintain
09/08/2018 Broker: UBS Rating: Neutral Old Target: GBX 380.00 Maintain
09/08/2018 Broker: Deutsche Bank Rating: Buy Maintain
08/08/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 400.00 Maintain
08/08/2018 Broker: Liberum Capital Rating: Sell Old Target: GBX 300.00 Maintain
01/08/2018 Broker: UBS Rating: Neutral Old Target: GBX 380.00 Maintain
01/08/2018 Broker: Deutsche Bank Rating: Buy Maintain
31/07/2018 Broker: RBC Capital Markets Rating: Outperform Old Target: GBX 400.00 Maintain
31/07/2018 Broker: Liberum Capital Rating: Sell Old Target: GBX 300.00 Maintain
18/07/2018 Broker: Barclays Capital Rating: Overweight Old Target: GBX 450.00 New Target: GBX 400.00 Maintain

The stock increased 1.12% or GBX 3.65 during the last trading session, reaching GBX 330.2. About 33.07 million shares traded. Glencore Plc (LON:GLEN) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. The company has market cap of 46.84 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 8.26 P/E ratio. 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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