Glencore PLC (LON:GLEN) “Outperform” Rating Has Just Been Reiterated by RBC Capital Markets

June 13, 2018 - By Cecil Scoggins

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Glencore PLC (LON:GLEN) Rating Reaffirmed

RBC Capital Markets reconfirmed their “Outperform” rating on Glencore PLC (LON:GLEN) in an analyst note revealed on Wednesday morning.

Glencore Plc (LON:GLEN) Ratings Coverage

Among 12 analysts covering Glencore PLC (LON:GLEN), 9 have Buy rating, 2 Sell and 1 Hold. Therefore 75% are positive. Glencore PLC has GBX 550 highest and GBX 300 lowest target. GBX 429.73’s average target is 7.97% above currents GBX 398 stock price. Glencore PLC had 49 analyst reports since December 14, 2017 according to SRatingsIntel. The company was maintained on Monday, January 22 by Credit Suisse. Credit Suisse initiated the stock with “Outperform” rating in Monday, April 23 report. The stock of Glencore Plc (LON:GLEN) has “Buy” rating given on Wednesday, April 18 by HSBC. The company was maintained on Friday, May 18 by RBC Capital Markets. The stock of Glencore Plc (LON:GLEN) earned “Buy” rating by Deutsche Bank on Thursday, February 15. The rating was maintained by Liberum Capital on Thursday, May 3 with “Sell”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, February 21 report. The stock has “Conviction Buy” rating by Goldman Sachs on Monday, March 26. As per Monday, April 30, the company rating was maintained by Liberum Capital. The firm earned “Outperform” rating on Tuesday, February 27 by Credit Suisse.

The stock increased 3.75% or GBX 14.4 during the last trading session, reaching GBX 398. About 53.24M shares traded or 1.17% up from the average. Glencore Plc (LON:GLEN) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. The company has market cap of 56.90 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 9.95 P/E ratio. 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.

More recent Glencore Plc (LON:GLEN) news were published by: Mining.com which released: “Glencore faces third Congo legal challenge this year” on June 08, 2018. Also Mining.com published the news titled: “Rio Tinto completes sale of Australian coal asset” on June 04, 2018. Mining.com‘s news article titled: “OZ Minerals closer than ever to grabbing Brazil-focused Avanco” with publication date: June 07, 2018 was also an interesting one.

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