Glencore PLC (LON:GLEN) Stock “Outperform” Rating Reiterated at Credit Suisse; The Target Price per Share Given is GBX 470.00; Third Point Reinsurance LTD (TPRE)’s Sentiment Is 2.24

Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The company has market cap of $1.51 billion. The firm underwrites property, workers compensation, personal automobile, general and professional liability, mortgage, and extended warranty insurance products, as well as multi-line reinsurance products. It has a 7.92 P/E ratio.

London: In analysts report revealed on Thursday, 15 February, Credit Suisse reiterated their “Outperform” rating on shares of Glencore PLC (LON:GLEN). They currently have a GBX 470.00 PT on the firm. Credit Suisse’s target suggests a potential upside of 20.44% from the company’s previous close.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on February, 22. They expect $0.67 EPS, up 248.89% or $1.12 from last year’s $-0.45 per share. TPRE’s profit will be $71.96 million for 5.24 P/E if the $0.67 EPS becomes a reality. After $0.52 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

The stock increased 2.18% or $0.3 during the last trading session, reaching $14.05. About 342,605 shares traded. Third Point Reinsurance Ltd. (TPRE) has risen 10.16% since February 15, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Kelso & Company L.P. holds 100% of its portfolio in Third Point Reinsurance Ltd. for 25.00 million shares. Entrustpermal Management Llc owns 1.19 million shares or 7.75% of their US portfolio. Moreover, New Vernon Investment Management Llc has 6.07% invested in the company for 350,000 shares. The New York-based Pine Brook Road Advisors Lp has invested 5.58% in the stock. Matarin Capital Management Llc, a Connecticut-based fund reported 617,572 shares.

The stock increased 3.06% or GBX 11.7 during the last trading session, reaching GBX 394.1. About 10.10M shares traded. Glencore Plc (LON:GLEN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% 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 341.38’s average target is -13.38% below currents GBX 394.1 stock price. Glencore PLC had 463 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by HSBC on Tuesday, June 13. On Tuesday, October 6 the stock rating was maintained by HSBC with “Buy”. Societe Generale maintained it with “Buy” rating and GBX 240 target in Wednesday, September 14 report. The rating was maintained by Liberum Capital with “Hold” on Monday, October 12. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, January 24 report. The stock of Glencore Plc (LON:GLEN) has “Buy” rating given on Wednesday, October 28 by Canaccord Genuity. Deutsche Bank maintained Glencore Plc (LON:GLEN) rating on Thursday, August 20. Deutsche Bank has “Hold” rating and GBX 265 target. Nomura maintained the shares of GLEN in report on Friday, January 15 with “Reduce” rating. The firm has “Hold” rating by Deutsche Bank given on Monday, October 5. The company was maintained on Friday, January 29 by Credit Suisse.

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