In a research note published by Matt Greene, Goldman Sachs advises its customers to buy the stock. The target price has been raised to GBX 310 from GBX 300.
Glencore plc specializes in producing and distributing metals, minerals and petroleum products, primarily for the automotive, steel, and food-processing industries. The group also offers logistical, supply, and financing services. Net sales break down by activity as follows:
- sale of oil products, coke and coal (53.9%);
- sale of metals and minerals (46%): aluminum, zinc, copper, alumina, iron alloys, nickel, cobalt, etc.;
- other (0.1%).
Net sales are distributed geographically as follows: Europe (27%), Asia (49.1%), Americas (15.8%), Africa (5%) and Oceania (3.1%).
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Investor
Investor
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Global
Global
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Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
