The stock of Glencore PLC (LON:GLEN) is a huge mover today! The stock decreased 1.63% or GBX 4.09 on November 8, hitting GBX 247.11. About 49.63 million shares traded hands. Glencore PLC (LON:GLEN) has risen 83.63% since April 8, 2016 and is uptrending. It has outperformed by 81.67% the S&P500.
The move comes after 9 months positive chart setup for the GBX 35.41 billion company. It was reported on Nov, 8 by Barchart.com. We have GBX 321.24 PT which if reached, will make LON:GLEN worth GBX 10.62 billion more.
Glencore PLC (LON:GLEN) Ratings Coverage
Out of 28 analysts covering Glencore PLC (LON:GLEN), 13 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 46% are positive. GBX 450 is the highest target while GBX 63.80 is the lowest. The GBX 181.73 average target is -26.46% below today’s (GBX 247.11) stock price. Glencore PLC has been the topic of 296 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Wednesday, October 21, the company rating was maintained by Barclays Capital. Nomura maintained Glencore PLC (LON:GLEN) rating on Friday, January 15. Nomura has “Reduce” rating and GBX 80 price target. The firm earned “Hold” rating on Tuesday, August 23 by Jefferies. The firm earned “Neutral” rating on Monday, August 22 by Citigroup. The rating was maintained by Credit Suisse with “Outperform” on Friday, September 4. The firm has “Hold” rating given on Wednesday, March 2 by Beaufort Securities. On Tuesday, August 4 the stock rating was maintained by JP Morgan with “Underweight”. Bernstein maintained Glencore PLC (LON:GLEN) on Tuesday, October 13 with “Outperform” rating. Bernstein maintained Glencore PLC (LON:GLEN) on Monday, February 22 with “Outperform” rating. The stock of Glencore PLC (LON:GLEN) earned “Buy” rating by Citigroup on Friday, February 26.
Another recent and important Glencore PLC (LON:GLEN) news was published by Bloomberg.com which published an article titled: “Glencore Sells Coal Rail Unit for $873 Million to Cut Debt” on October 20, 2016.
Glencore plc is a Hong Kong-based investment holding company. The company has a market cap of 35.41 billion GBP. The Firm is engaged in the sourcing, marketing, hedging and logistics businesses of metals and minerals, energy products and agriculture products, as well as the investment in related industries. It currently has negative earnings. The Firm operates through three divisions.
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