Glencore (GLEN) Earns Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Glencore (LON:GLEN) in a report released on Wednesday, investing.thisismoney.co.uk reports.

Several other research firms have also recently weighed in on GLEN. Deutsche Bank reissued a buy rating and set a GBX 450 ($5.88) price target on shares of Glencore in a report 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 report on Wednesday, July 18th. Cfra set a GBX 390 ($5.10) price target on Glencore and gave the company a buy rating in a report 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 report on Thursday, August 9th. Finally, Royal Bank of Canada reissued an outperform rating on shares of Glencore in a report on Tuesday, July 31st. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Glencore currently has an average rating of Buy and a consensus target price of GBX 393.57 ($5.14).

GLEN stock traded down GBX 14.10 ($0.18) during midday trading on Wednesday, hitting GBX 303.90 ($3.97). The company’s stock had a trading volume of 52,406,418 shares, compared to its average volume of 46,120,000. 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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