Glencore (GLEN.L) 10-12-19
Will Glencore (GLEN.L) shares break below the 214p support zone, or will it return to highs of 251p (+17%)?
- Currently trading around the 214p support at 213.3p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Highs of 251p have been seen in the recent past. Will we see this again? (+17%)
- Shares -37% from 12-month highs; +0% from 12 month lows.
Latest News
06 Dec: Jefferies International reiterates its buy rating on Glencore (GLEN) and reduced the target price to 285p (from 300p).
05 Dec: The Serious Fraud Office (SFO) has begun an investigation into allegations of bribery at Glencore.
05 Dec: UBS reiterates its neutral rating on Glencore (GLEN) and increased the target price to 250p (from 240p).
05 Dec: Goldman Sachs reiterates its neutral rating on Glencore (GLEN) and increased the target price to 250p (from 242p).
05 Dec: HSBC reiterates its buy rating on Glencore (GLEN) and reduced the target price to 280p (from 285p).
02 Dec: Credit Suisse reiterates its outperform rating on Glencore (GLEN) and increased the target price to 310p (from 275p).
02 Dec: RBC Capital Markets has upgraded its rating on Glencore (GLEN) to outperform (from sector performer) and reduced the target price to 290p (from 310p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires