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Home / Stocks and Markets at Lows / Glencore (GLEN.L) 25-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Glencore (GLEN.L) 25-02-20

Glencore (GLEN.L) shares have fallen significantly from the most recent highs of 340.3p. Will it continue, or is this an opportunity to pick some up?

 

  • A return to previous highs would represent a rise of 62%. Now at 209.45p (at time of writing).
  • This is one of the biggest fallers of late.
  • Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -38% from 12-month highs; +0% from 12 month lows.

Latest News

19 Feb:  UBS reiterates its buy rating on Glencore (GLEN) and increased the target price to 280p (from 270p).

 

18 Feb:  Glencore, the miner and commodities firm, posted a decline in earnings for the year, blaming ongoing US-China trade talks and lower commodity prices.

06 Feb:  RBC Capital Markets reiterates its outperform rating on Glencore (GLEN) and reduced the target price to 280p (from 290p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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