Glencore (LON:GLEN – Get Rating) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from GBX 590 ($7.13) to GBX 640 ($7.73) in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 34.38% from the stock’s current price.
A number of other equities analysts have also recently commented on GLEN. UBS Group set a GBX 540 ($6.52) price target on Glencore in a report on Monday, August 8th. The Goldman Sachs Group set a GBX 600 ($7.25) target price on Glencore in a report on Monday, August 8th. Berenberg Bank lowered their target price on Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) and set a “buy” rating for the company in a report on Tuesday, June 28th. Jefferies Financial Group set a GBX 625 ($7.55) target price on Glencore in a report on Thursday, August 4th. Finally, Credit Suisse Group set a GBX 720 ($8.70) target price on Glencore in a report on Tuesday, September 6th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore has an average rating of “Buy” and a consensus target price of GBX 591.54 ($7.15).
Glencore Price Performance
Glencore stock opened at GBX 476.25 ($5.75) on Thursday. The company has a debt-to-equity ratio of 70.19, a quick ratio of 0.32 and a current ratio of 1.24. Glencore has a 52 week low of GBX 326.60 ($3.95) and a 52 week high of GBX 548.30 ($6.63). The stock has a market capitalization of £62.02 billion and a P/E ratio of 471.15. The stock has a fifty day moving average of GBX 469.05 and a 200-day moving average of GBX 480.38.
Glencore Company Profile
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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