---
title: "Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293994201.md"
description: "RBC Capital analyst Ben Davis maintained a Buy rating on Glencore (GLEN) with a £600 price target, citing his strong track record. This follows a recent Buy recommendation from Jefferies' Chris LaFemina. Conversely, J.P. Morgan reiterated a Hold rating on the basic materials giant on July 10."
datetime: "2026-07-28T01:35:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293994201.md)
  - [en](https://longbridge.com/en/news/293994201.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293994201.md)
---

# Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant

In a report released yesterday, Ben Davis from RBC Capital maintained a Buy rating on Glencore, with a price target of p600.00.

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According to TipRanks, Davis is a 4-star analyst with an average return of 16.7% and a 58.88% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Ecora Royalties PLC, Rio Tinto, and Glencore.

In addition to RBC Capital, Glencore also received a Buy from Jefferies’s Chris LaFemina in a report issued on July 16. However, on July 10, J.P. Morgan reiterated a Hold rating on Glencore (LSE: GLEN).

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