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New Buy Rating for Glencore (GLEN), the Basic Materials Giant
Berenberg Bank analyst reiterated a Buy rating on Glencore today and set a price target of p630.00.
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In addition to Berenberg Bank, Glencore also received a Buy from Barclays’s Ian Rossouw CFA in a report issued today. However, yesterday, Goldman Sachs maintained a Hold rating on Glencore (LSE: GLEN).
Based on Glencore’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p130.73 billion and a net profit of p1.02 billion. In comparison, last year the company earned a revenue of p113.85 billion and had a GAAP net loss of p1.4 billion
Read More on GB:GLEN:
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- Glencore Holds 2026 Output Guidance as Higher Prices Offset Cost Pressures
- Glencore Publishes Notice for 2026 Annual General Meeting in Zug
- Glencore upgraded to Buy from Hold at HSBC
- Glencore price target raised to 670 GBp from 620 GBp at Citi
- Glencore price target raised to 610 GBp from 570 GBp at Morgan Stanley
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