Glencore: SocGen removes stock from Premium List
(CercleFinance.com) - Societe Generale on Monday removed Glencore from its Premium List, as the French bank wants to reduce its overweight stance on metals and mining.
While maintaining a "buy" rating and a target price of 420 pence on the commodities trading group, SocGen has removed the stock from its preferred list after introducing it in November 2017.
Shares of Glencore have fallen by up to 0.8% at 318.5 pence in morning trading on the London Stock Exchange today, underperforming the FTSE 100, which is down just 0.4% in comparison.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
While maintaining a "buy" rating and a target price of 420 pence on the commodities trading group, SocGen has removed the stock from its preferred list after introducing it in November 2017.
Shares of Glencore have fallen by up to 0.8% at 318.5 pence in morning trading on the London Stock Exchange today, underperforming the FTSE 100, which is down just 0.4% in comparison.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.