Glencore’s (GLEN) Buy Rating Reiterated at Citigroup

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Citigroup restated their buy rating on shares of Glencore (LON:GLEN) in a report released on Friday morning.

A number of other equities research analysts have also commented on GLEN. Barclays restated an overweight rating on shares of Glencore in a research report on Friday, October 12th. Deutsche Bank restated a buy rating on shares of Glencore in a research report on Monday, October 15th. Jefferies Financial Group restated a buy rating and set a GBX 440 ($5.75) price objective (down from GBX 450 ($5.88)) on shares of Glencore in a research report on Monday, October 15th. JPMorgan Chase & Co. set a GBX 340 ($4.44) price objective on Glencore and gave the stock a neutral rating in a research report on Tuesday, October 23rd. Finally, Societe Generale decreased their price objective on Glencore from GBX 420 ($5.49) to GBX 370 ($4.83) and set a buy rating for the company in a research report on Thursday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 366.79 ($4.79).

Shares of LON GLEN opened at GBX 292.05 ($3.82) on Friday. Glencore has a one year low of GBX 270 ($3.53) and a one year 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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