The Glencore (LON:GLEN) share price has risen by 24.9% over the past month and it’s currently trading at 237.45. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Glencore currently has:
- 6 Buy recommendations
- 5 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Going beyond analyst recommendations
At its current price of 237.45, shares in Glencore are trading at a discount of -2.62% to its 52 week high price. The 1-year performance of the shares has been 1.00%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Glencore it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Glencore.
Disclaimer: These articles are provided for information purposes only. The content is not intended to be a personal recommendation. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. The author has no position in the stocks mentioned, unless otherwise stated.