UBS Reiterates GBX 380.00 PT On Glencore Shares, Reiterates Their Original “Neutral” Rating

Date: Jun 8, 2018

Glencore (LON:GLEN) Rating Reaffirmed
London: In an analyst report released on Thursday morning, UBS kept their “Neutral” rating on Glencore (LON:GLEN) shares. They now have a GBX 380.00 target price per share on the firm. UBS’s target would suggest a potential downside of -3.85 % from the company’s close price.

Glencore Plc (LON:GLEN) Ratings Coverage
Among 13 analysts covering Glencore PLC (LON:GLEN), 10 have Buy rating, 2 Sell and 1 Hold. Therefore 77% are positive. Glencore PLC has GBX 550 highest and GBX 300 lowest target. GBX 431.42’s average target is 9.48% above currents GBX 394.05 stock price. Glencore PLC had 51 analyst reports since December 12, 2017 according to SRatingsIntel. The rating was maintained by Goldman Sachs on Tuesday, February 13 with “Conviction Buy”. JP Morgan maintained the shares of GLEN in report on Wednesday, December 13 with “Neutral” rating. Barclays Capital maintained Glencore Plc (LON:GLEN) rating on Monday, January 8. Barclays Capital has “Overweight” rating and GBX 450 target. AlphaValue upgraded the stock to “Buy” rating in Thursday, March 8 report. The stock of Glencore Plc (LON:GLEN) earned “Buy” rating by Deutsche Bank on Thursday, February 15. The stock of Glencore Plc (LON:GLEN) has “Buy” rating given on Wednesday, December 13 by Jefferies. The stock has “Top Pick” rating by RBC Capital Markets on Wednesday, April 4. The firm earned “Buy” rating on Wednesday, December 13 by Citigroup. Liberum Capital maintained Glencore Plc (LON:GLEN) on Monday, April 9 with “Sell” rating. The firm earned “Sell” rating on Tuesday, December 12 by Liberum Capital.

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