Glencore Shares Look Cheap After Failed Takeover Talks -- Market Talk

Dow Jones
Yesterday

2337 GMT - The end of takeover talks with Rio Tinto gives investors a chance to nab Glencore shares "an even more attractive discount," Barclays analysts say in a note. "Meanwhile for RIO the impact is likely to be broadly share price neutral, in our view," say the analysts. Barclays has an overweight rating on both stocks. It has a price target of 525 pence on Glencore, and a sum-of-the-parts valuation of 723p for 2027. Barclays has a 6,885p on Rio Tinto's London shares. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

February 05, 2026 18:37 ET (23:37 GMT)

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