Glencore’s (GLEN) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Glencore (LON:GLEN) in a research note released on Wednesday morning.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of Glencore to an overweight rating and reduced their target price for the stock from GBX 520 ($6.79) to GBX 370 ($4.83) in a report on Monday, September 10th. Liberum Capital raised shares of Glencore to a hold rating and set a GBX 300 ($3.92) target price for the company in a report on Friday, August 17th. Credit Suisse Group reissued an outperform rating and issued a GBX 480 ($6.27) target price on shares of Glencore in a report on Thursday, August 16th. Goldman Sachs Group set a GBX 500 ($6.53) target price on shares of Glencore and gave the stock a buy rating in a report on Thursday, August 2nd. Finally, Deutsche Bank reissued a buy rating and issued a GBX 450 ($5.88) target price on shares of Glencore in a report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 393.57 ($5.14).

Glencore stock opened at GBX 320 ($4.18) on Wednesday. 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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