Glencore (LON:GLEN – Get Rating) had its price target lowered by investment analysts at JPMorgan Chase & Co. from GBX 650 ($7.96) to GBX 630 ($7.72) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 38.55% from the company’s previous close.
A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 580 ($7.10) price target on shares of Glencore in a research report on Thursday, May 26th. The Goldman Sachs Group set a GBX 710 ($8.70) target price on shares of Glencore in a report on Wednesday, June 8th. Barclays raised their price target on shares of Glencore from GBX 461 ($5.65) to GBX 770 ($9.43) and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a research note on Wednesday, May 11th. Finally, Jefferies Financial Group set a GBX 650 ($7.96) target price on shares of Glencore in a research note on Monday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Glencore currently has an average rating of “Buy” and an average target price of GBX 598.45 ($7.33).
GLEN stock opened at GBX 454.70 ($5.57) on Tuesday. Glencore has a 12-month low of GBX 290.96 ($3.56) and a 12-month high of GBX 548.30 ($6.72). The business’s 50-day moving average is GBX 498.58 and its 200 day moving average is GBX 452.96. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. The stock has a market cap of £59.76 billion and a price-to-earnings ratio of 15.04.
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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