UBS Group Reiterates “Neutral” Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a note issued to investors on Monday, February 4th, investing.thisismoney.co.uk reports. They presently have a GBX 300 ($3.92) target price on the natural resources company’s stock. UBS Group’s target price would suggest a potential downside of 1.45% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 440 ($5.75) target price (down from GBX 450 ($5.88)) on shares of Glencore in a report on Monday, October 15th. Deutsche Bank reaffirmed a “buy” rating on shares of Glencore in a research note on Monday, October 15th. Cfra set a GBX 370 ($4.83) price objective on shares of Glencore and gave the company a “buy” rating in a research note on Monday, October 29th. HSBC boosted their target price on shares of Glencore from GBX 420 ($5.49) to GBX 450 ($5.88) and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Royal Bank of Canada set a GBX 350 ($4.57) target price on shares of Glencore and gave the company a “buy” rating in a research report on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Glencore currently has an average rating of “Buy” and a consensus target price of GBX 359.31 ($4.70).

Shares of LON:GLEN traded up GBX 0.45 ($0.01) during midday trading on Monday, hitting GBX 304.40 ($3.98). The stock had a trading volume of 32,857,845 shares, compared to its average volume of 46,120,000. Glencore has a fifty-two week low of GBX 270 ($3.53) and a fifty-two week 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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