Glencore (LON:GLEN) Given New GBX 7,700 Price Target at Citigroup

Glencore (LON:GLEN) had its target price lifted by equities researchers at Citigroup from GBX 6,700 to GBX 7,700 in a research note issued to investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the natural resources company’s stock.

GLEN has been the subject of several other research reports. Royal Bank Of Canada upped their price target on shares of Glencore from GBX 530 to GBX 540 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 630 price target on shares of Glencore in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Glencore presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,962.

Glencore Stock Performance

Shares of GLEN stock opened at GBX 609.10 on Thursday. Glencore has a one year low of GBX 273.30 and a one year high of GBX 707.20. The company has a debt-to-equity ratio of 109.99, a quick ratio of 0.32 and a current ratio of 1.06. The company has a 50 day moving average price of GBX 564.81 and a 200 day moving average price of GBX 491.42. The firm has a market capitalization of £71.36 billion, a price-to-earnings ratio of 203.03, a price-to-earnings-growth ratio of 0.43 and a beta of 0.53.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.