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Goldman Sachs Sticks to Their Hold Rating for Glencore (GLEN)
Goldman Sachs analyst Sahar Islam maintained a Hold rating on Glencore on April 10. The company’s shares closed last Friday at p565.70.
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According to TipRanks, Islam is a 3-star analyst with an average return of 3.4% and a 66.67% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Glencore with a p570.00 average price target.
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 price target raised to 610 GBp from 570 GBp at Morgan Stanley
- Glencore, Taiwan state refiner book tankers to load oil, Reuters says
- Glencore price target raised to 630 GBp from 600 GBp at Berenberg
- Glencore CEO Gary Nagle Receives Vesting of Long-Term Share Awards
- Glencore workers at Australian copper plant threaten strike, Bloomberg says
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