Glencore received a Hold rating and a £3.50 price target from Berenberg Bank analyst Richard Hatch today. The company’s shares opened today at p354.85.
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Hatch covers the Basic Materials sector, focusing on stocks such as Anglo American, Ecora Resources, and Rio Tinto. According to TipRanks, Hatch has an average return of 14.8% and a 54.00% success rate on recommended stocks.
Currently, the analyst consensus on Glencore is a Moderate Buy with an average price target of p375.20.
GLEN market cap is currently £41.76B and has a P/E ratio of -27.18.
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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- Glencore downgraded to Hold from Buy at Berenberg
- Glencore, PPX Mining sing LOI for strategic investment, offtake collaboration
- Glencore Enhances Shareholder Value with Strategic Buy-Back
- Glencore Updates Shareholders on Total Voting Rights
- Glencore Advances Share Buy-Back Programme with UBS Transaction
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