Glencore Given “Buy” Rating at Citigroup
Date:May 24, 2018
Glencore (LON:GLEN)‘s stock had its “buy” rating restated by Citigroup in a research report issued to clients and investors on Monday, May 7th.
A number of other research firms have also commented on GLEN. Cfra set a GBX 410 ($5.50) price target on Glencore and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Shore Capital reaffirmed a “not rated” rating on shares of Glencore in a research report on Wednesday, February 21st. Deutsche Bank raised their price target on Glencore from GBX 430 ($5.77) to GBX 450 ($6.04) and gave the stock a “buy” rating in a research report on Monday, January 15th. Goldman Sachs set a GBX 460 ($6.17) price target on Glencore and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada raised Glencore to a “top pick” rating in a research report on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 419.95 ($5.63).
