Deutsche Bank Maintains Buy Rating for Glencore PLC (LON:GLEN) Stock; Calamos Convertible & High Income Fund (CHY) Sentiment Is 0.93

February 2, 2018 - By Annabelle Johnson

Today, Friday morning, Glencore PLC (LON:GLEN) stock Buy was reiterated by Analysts at Deutsche Bank in a note.

The stock decreased 0.91% or $0.11 during the last trading session, reaching $11.97. About 197,036 shares traded. Calamos Convertible and High Income Fund (CHY) has risen 12.62% since February 2, 2017 and is uptrending. It has underperformed by 4.08% the S&P500.

Among 29 analysts covering Glencore PLC (LON:GLEN), 22 have Buy rating, 4 Sell and 3 Hold. Therefore 76% are positive. Glencore PLC has GBX 470 highest and GBX 63.80 lowest target. GBX 340.42’s average target is -13.42% below currents GBX 393.1697 stock price. Glencore PLC had 459 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, September 25. The rating was maintained by Macquarie Research with “Outperform” on Monday, November 30. The rating was maintained by Jefferies with “Hold” on Wednesday, August 12. The stock of Glencore Plc (LON:GLEN) earned “Outperform” rating by BMO Capital Markets on Wednesday, November 4. Jefferies maintained Glencore Plc (LON:GLEN) on Friday, July 15 with “Hold” rating. As per Friday, December 9, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Jefferies on Tuesday, April 18. JP Morgan maintained Glencore Plc (LON:GLEN) on Thursday, May 5 with “Neutral” rating. The stock of Glencore Plc (LON:GLEN) has “Hold” rating given on Friday, September 25 by Liberum Capital. Investec maintained Glencore Plc (LON:GLEN) on Tuesday, November 17 with “Sell” rating.

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of commodities worldwide. The company has market cap of 56.07 billion GBP. It operates in three divisions: Metals and Minerals, Energy Products, and Agricultural Products. It has a 13.46 P/E ratio. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.

The stock decreased 1.66% or GBX 6.6303 during the last trading session, reaching GBX 393.1697. About 7.58M shares traded. Glencore Plc (LON:GLEN) has 0.00% since February 2, 2017 and is . It has underperformed by 16.70% the S&P500.

New England Investment & Retirement Group Inc. holds 1.5% of its portfolio in Calamos Convertible and High Income Fund for 227,542 shares. Greatmark Investment Partners Inc. owns 316,339 shares or 1.44% of their US portfolio. Moreover, Dumont & Blake Investment Advisors Llc has 1.04% invested in the company for 203,498 shares. The Wisconsin-based Jacobus Wealth Management Inc. has invested 0.88% in the stock. Oarsman Capital Inc., a Wisconsin-based fund reported 40,612 shares.