Glencore (GLEN) Rating Reiterated by Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Glencore (LON:GLEN) in a research note published on Friday morning.

A number of other analysts have also issued reports on GLEN. Deutsche Bank reaffirmed a buy rating and issued a GBX 450 ($5.88) price target on shares of Glencore in a research note on Wednesday, September 26th. Barclays lowered their price target on Glencore from GBX 450 ($5.88) to GBX 400 ($5.23) and set an overweight rating on the stock in a research note on Wednesday, July 18th. Cfra set a GBX 390 ($5.10) price target on Glencore and gave the stock a buy rating in a research note on Thursday, August 9th. HSBC lowered their price target on Glencore from GBX 440 ($5.75) to GBX 420 ($5.49) and set a buy rating on the stock in a research note on Thursday, August 9th. Finally, Royal Bank of Canada reaffirmed an outperform rating on shares of Glencore in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 404.88 ($5.29).

Glencore stock opened at GBX 321.70 ($4.20) on Friday. Glencore has a 12 month low of GBX 270 ($3.53) and a 12 month high of GBX 416.91 ($5.45).

About Glencore

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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