Glencore’s (GLEN) Overweight Rating Reaffirmed at Barclays

Barclays reaffirmed their overweight rating on shares of Glencore (LON:GLENGet Rating) in a report published on Thursday morning, MarketBeat reports. Barclays currently has a GBX 680 ($8.04) price objective on the natural resources company’s stock.

Several other brokerages have also recently commented on GLEN. set a GBX 560 ($6.62) price target on shares of Glencore in a research report on Monday, August 1st. UBS Group set a GBX 540 ($6.39) target price on shares of Glencore in a report on Monday, August 8th. Credit Suisse Group set a GBX 750 ($8.87) target price on shares of Glencore in a report on Monday, November 14th. The Goldman Sachs Group set a GBX 700 ($8.28) target price on shares of Glencore in a report on Thursday, October 13th. Finally, Jefferies Financial Group set a GBX 625 ($7.39) target price on shares of Glencore in a report on Friday, October 28th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of GBX 601.54 ($7.11).

Glencore Stock Performance

Shares of GLEN stock opened at GBX 534.10 ($6.32) 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 one year low of GBX 346.40 ($4.10) and a one year high of GBX 548.50 ($6.49). The company’s 50-day simple moving average is GBX 498.58 and its 200-day simple moving average is GBX 481.24. The stock has a market capitalization of £69.15 billion and a price-to-earnings ratio of 537.20.

About Glencore

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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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Analyst Recommendations for Glencore (LON:GLEN)

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