Deutsche Bank Reaffirms The Buy Rating They’ve had for Glencore PLC (LON:GLEN) Shares

June 14, 2018 - By reb123z

Glencore Plc (LON:GLEN) Logo

Glencore PLC (LON:GLEN) Rating Reaffirmed

Deutsche Bank reiterated their Buy rating on Glencore PLC (LON:GLEN) shards via a note issued to clients on Thursday morning.

Glencore Plc (LON:GLEN) Ratings Coverage

Among 12 analysts covering Glencore (LON:GLEN), 9 have Buy rating, 2 Sell and 1 Hold. Therefore 75% are positive. Glencore has GBX 550 highest and GBX 300 lowest target. GBX 429.73’s average target is 9.74% above currents GBX 391.6 stock price. Glencore had 50 analyst reports since December 15, 2017 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Wednesday, February 21. As per Tuesday, February 6, the company rating was maintained by Deutsche Bank. The stock of Glencore Plc (LON:GLEN) has “Conviction Buy” rating given on Friday, April 6 by Goldman Sachs. The stock of Glencore Plc (LON:GLEN) earned “Buy” rating by Citigroup on Monday, May 7. The rating was maintained by Liberum Capital with “Sell” on Thursday, January 11. JP Morgan maintained Glencore Plc (LON:GLEN) rating on Thursday, January 11. JP Morgan has “Overweight” rating and GBX 470 target. JP Morgan maintained Glencore Plc (LON:GLEN) rating on Thursday, April 5. JP Morgan has “Overweight” rating and GBX 550 target. The stock of Glencore Plc (LON:GLEN) earned “Outperform” rating by Credit Suisse on Thursday, February 15. The stock of Glencore Plc (LON:GLEN) has “Buy” rating given on Thursday, February 15 by Deutsche Bank. Credit Suisse maintained Glencore Plc (LON:GLEN) on Monday, January 22 with “Outperform” rating.

The stock decreased 1.61% or GBX 6.4 during the last trading session, reaching GBX 391.6. About 13.41 million shares traded. Glencore Plc (LON:GLEN) has 0.00% since June 14, 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 55.99 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 9.79 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 news for Glencore Plc (LON:GLEN) were recently published by: Mining.com, which released: “OZ Minerals closer than ever to grabbing Brazil-focused Avanco” on June 07, 2018. Mining.com‘s article titled: “Glencore faces third Congo legal challenge this year” and published on June 08, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.