Glencore (GLEN) Given Buy Rating at Citigroup
Glencore (LON:GLEN)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a research report issued to clients and investors on Tuesday.
A number of other research analysts have also weighed in on the company. Royal Bank Of Canada raised their price objective on Glencore from GBX 410 ($5.52) to GBX 470 ($6.33) and gave the company an “outperform” rating in a research report on Monday, December 4th. Liberum Capital restated a “sell” rating and set a GBX 300 ($4.04) price objective on shares of Glencore in a research report on Monday, November 27th. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 400 ($5.38) price objective on shares of Glencore in a research report on Friday, November 24th. Deutsche Bank restated a “buy” rating and set a GBX 430 ($5.79) price objective on shares of Glencore in a research report on Thursday, November 16th. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 445 ($5.99) price objective on shares of Glencore in a research report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 389.04 ($5.24).
Shares of Glencore (GLEN) traded up GBX 3.24 ($0.04) during trading on Tuesday, hitting GBX 341.24 ($4.59). The stock had a trading volume of 45,760,000 shares, compared to its average volume of 35,670,000. Glencore has a 52-week low of GBX 260.50 ($3.51) and a 52-week high of GBX 388.25 ($5.23).
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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