This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Mining p4
Glencore (GLEN)
Where next for GLEN shares?
- Historical broker target price action suggests that they’re consistently behind the curve with Glencore, meaning there’s the potential for upward revisions after the price broke above the most recent average at 126p.
- FY2015 results were in-line with expectations while debt reduction remains ahead of schedule.
Will Glencore (GLEN) fall back towards the lows of 66p or rally on towards the highs of 260p?
Broker Consensus: 62% Buy, 24% Hold, 14% Sell
Average 12-month broker target price: 126p
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Prepared by Michael van Dulken, Head of Research
