Glencore (GLEN) Receives a Buy from RBC Capital
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Ben Davis maintained a Buy rating on Glencore (GLEN) with a £600 price target, noting the stock closed at £517.50. The analyst has a 4-star rating and covers the Basic Materials sector. Glencore holds a Moderate Buy consensus with an average price target of £623.85, implying 20.55% upside. Additionally, Jefferies recently maintained a Buy rating on Glencore with a higher target of £720.
RBC Capital analyst Ben Davis maintained a Buy rating on Glencore on July 15 and set a price target of p600.00. The company’s shares closed yesterday at p517.50.
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According to TipRanks, Davis is a 4-star analyst with an average return of 15.4% and a 54.21% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Ecora Royalties PLC, and Valterra Platinum Limited.
Glencore has an analyst consensus of Moderate Buy, with a price target consensus of p623.85, representing a 20.55% upside. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a p720.00 price target.