RBC Capital analyst Ben Davis maintained a Buy rating on Glencore on September 29. The company’s shares closed yesterday at p340.96.
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According to TipRanks, Davis is a 4-star analyst with an average return of 9.0% and a 66.13% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Glencore, Rio Tinto, and Anglo American.
Glencore has an analyst consensus of Strong Buy, with a price target consensus of p375.00, which is a 9.98% upside from current levels. In a report released on September 26, Citi also maintained a Buy rating on the stock with a £4.00 price target.
GLEN market cap is currently £40.34B and has a P/E ratio of -26.04.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLEN in relation to earlier this year.
Read More on GB:GLEN:
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