This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.
Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant
Citi analyst Ephrem Ravi maintained a Buy rating on Glencore today and set a price target of £6.70.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Ravi is ranked #466 out of 12068 analysts.
In addition to Citi, Glencore also received a Buy from Jefferies’s Chris LaFemina in a report issued on April 10. However, on the same day, 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:
Disclaimer & DisclosureReport an Issue
- 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
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
