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Bernstein Remains a Hold on Glencore (GLEN)
In a report released yesterday, from Bernstein maintained a Hold rating on Glencore. The company’s shares closed yesterday at p506.80.
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Glencore has an analyst consensus of Moderate Buy, with a price target consensus of p550.00, an 8.52% upside from current levels. In a report released on February 20, J.P. Morgan also maintained a Hold rating on the stock with a p520.00 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 lowered to 460 GBp from 520 GBp at JPMorgan
- Glencore price target lowered to 600 GBp from 610 GBp at Berenberg
- Glencore price target raised to 620 GBp from 600 GBp at Citi
- Glencore price target raised to 550 GBp from 525 GBp at Barclays
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