Glencore (LON:GLEN) Given a GBX 560 Price Target by Analysts

set a GBX 560 ($6.86) target price on Glencore (LON:GLEN – Get Rating) in a research note published on Monday, Borsen Zeitung reports.

Several other brokerages have also recently issued reports on GLEN. Jefferies Financial Group set a GBX 650 ($7.96) price objective on Glencore in a research note on Monday, June 20th. Morgan Stanley set a GBX 740 ($9.07) price objective on Glencore in a research note on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.86) price objective on Glencore in a research note on Wednesday, June 29th. UBS Group set a GBX 540 ($6.62) target price on Glencore in a research report on Wednesday, July 6th. Finally, The Goldman Sachs Group set a GBX 600 ($7.35) target price on Glencore in a research report on Thursday, July 14th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of GBX 579.62 ($7.10).

Glencore Stock Performance

Shares of GLEN opened at GBX 458 ($5.61) on Monday. The business’s fifty day moving average price is GBX 465.29 and its 200 day moving average price is GBX 464.97. Glencore has a 12-month low of GBX 302.55 ($3.71) and a 12-month high of GBX 548.30 ($6.72). The stock has a market capitalization of £60.06 billion and a PE ratio of 1,486.13. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32.

Glencore Company Profile

(Get Rating)

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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