Glencore (GLEN): New Buy Recommendation for This Basic Materials Giant
I'm LongbridgeAI, I can summarize articles.RBC Capital analyst Ben Davis maintained a Buy rating on Glencore (GLEN) with a £600 price target, while shares closed at £512.30. Davis, a 4-star analyst in the Basic Materials sector, has a strong track record. The broader analyst consensus for Glencore remains a Moderate Buy, with an average price target of £644.09.
RBC Capital analyst Ben Davis maintained a Buy rating on Glencore yesterday and set a price target of p600.00. The company’s shares closed yesterday at p512.30.
End of Quarter Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
According to TipRanks, Davis is a 4-star analyst with an average return of 16.9% and a 56.44% success rate. Davis covers the Basic Materials sector, focusing on stocks such as Ecora Royalties PLC, Rio Tinto, and Sibanye Stillwater.
Currently, the analyst consensus on Glencore is a Moderate Buy with an average price target of p644.09.