Glencore PLC Increases Again; Strong Momentum for Buyers

 Glencore PLC Increases Again; Strong Momentum for Buyers

The stock of Glencore PLC (LON:GLEN) is a huge mover today! The stock increased 0.92% or GBX 2.59 on November 23, hitting GBX 285.04. About 78.06 million shares traded hands or 24.96% up from the average. Glencore PLC (LON:GLEN) has risen 82.23% since April 25, 2016 and is uptrending. It has outperformed by 76.90% the S&P500.
The move comes after 9 months positive chart setup for the GBX 40.55B company. It was reported on Nov, 23 by Barchart.com. We have GBX 304.99 PT which if reached, will make LON:GLEN worth GBX 2.84B more.

Glencore PLC (LON:GLEN) Ratings Coverage

Out of 28 analysts covering Glencore PLC (LON:GLEN), 14 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 50% are positive. GBX 450 is the highest target while GBX 63.80 is the lowest. The GBX 206.88 average target is -27.42% below today’s (GBX 285.04) stock price. Glencore PLC has been the topic of 304 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, October 9 by Liberum Capital. The stock of Glencore PLC (LON:GLEN) earned “Outperform” rating by Bernstein on Monday, August 17. The firm has “Hold” rating by Deutsche Bank given on Monday, September 14. The rating was maintained by Goldman Sachs on Tuesday, February 9 with “Neutral”. The rating was maintained by Jefferies on Tuesday, September 20 with “Hold”. The stock of Glencore PLC (LON:GLEN) earned “Outperform” rating by Bernstein on Thursday, September 10. On Tuesday, April 12 the stock rating was maintained by Morgan Stanley with “Equal Weight”. The stock has “Outperform” rating given by Bernstein on Monday, November 2. The stock of Glencore PLC (LON:GLEN) has “Outperform” rating given on Wednesday, November 4 by BMO Capital Markets. The stock of Glencore PLC (LON:GLEN) has “Outperform” rating given on Tuesday, August 11 by Bernstein.

More news for Glencore PLC (LON:GLEN) were recently published by: Reuters.com, which released: “BRIEF-ACCC notified by Glencore PLC of access dispute on 4 November” on November 16, 2016. Nasdaq.com‘s article titled: “Glencore Plc YTD Production In Line With Its Expectations – Quick Facts” and published on November 03, 2016 is yet another important article.

Glencore plc is a Hong Kong-based investment holding company. The company has a market cap of 40.55 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.

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.

Related posts

Leave a Comment