November 25, 2016 - By Linda Rogers
Liberum Capital currently has a GBX 250.00 target price on the 41.08 billion GBP market cap company or -13.37% downside potential. In a note issued to clients on Friday, 25 November, Glencore PLC (LON:GLEN) stock had its Hold Rating reaffirmed by research analysts at Liberum Capital.
Out of 28 analysts covering Glencore PLC (LON:GLEN), 14 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 50% are positive. GBX 450 is the highest target while GBX 63.80 is the lowest. The GBX 209.38 average target is -26.74% below today’s (GBX 285.8) stock price. Glencore PLC has been the topic of 305 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Glencore PLC (LON:GLEN) earned “Overweight” rating by JP Morgan on Monday, February 1. As per Tuesday, June 28, the company rating was maintained by Goldman Sachs. The firm earned “Buy” rating on Monday, December 14 by Canaccord Genuity. On Thursday, August 13 the stock rating was maintained by Liberum Capital with “Hold”. The firm earned “Outperform” rating on Monday, November 30 by Credit Suisse. The stock has “Hold” rating given by Deutsche Bank on Thursday, August 20. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 24. RBC Capital Markets maintained Glencore PLC (LON:GLEN) rating on Monday, December 14. RBC Capital Markets has “Sector Performer” rating and GBX 115 price target. The firm has “Hold” rating by Beaufort Securities given on Monday, October 12. The stock of Glencore PLC (LON:GLEN) earned “Hold” rating by Liberum Capital on Monday, April 11.
About 5.85 million shares traded hands. Glencore PLC (LON:GLEN) has risen 88.63% since April 27, 2016 and is uptrending. It has outperformed by 83.22% the S&P500.
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products and agricultural products. The company has a market cap of 41.09 billion GBP. The Company’s divisions include Metals and minerals, Energy products, Agricultural products, and Corporate and other. It currently has negative earnings. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
Another recent and important Glencore PLC (LON:GLEN) news was published by Bloomberg.com which published an article titled: “Glencore Widens Debt Plan to Weather Rout After Worst Profit” on August 24, 2016.
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By Linda Rogers