Several other brokerages have also issued reports on GLEN. Berenberg Bank lowered their target price on Glencore from GBX 580 ($7.11) to GBX 560 ($6.86) and set a buy rating for the company in a research report on Tuesday, June 28th. Barclays lowered their target price on Glencore from GBX 770 ($9.44) to GBX 700 ($8.58) and set an overweight rating for the company in a research report on Friday, July 8th. UBS Group set a GBX 540 ($6.62) target price on Glencore in a research report on Monday. JPMorgan Chase & Co. set a GBX 620 ($7.60) price objective on Glencore in a research report on Monday. Finally, Jefferies Financial Group set a GBX 650 ($7.96) price objective on Glencore in a research report on Monday, June 20th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of GBX 579.62 ($7.10).
Glencore Stock Down 0.6 %
Shares of LON:GLEN opened at GBX 458 ($5.61) on Monday. The firm has a market cap of £60.06 billion and a P/E ratio of 1,486.13. The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. Glencore has a 12-month low of GBX 302.55 ($3.71) and a 12-month high of GBX 548.30 ($6.72). The business has a fifty day simple moving average of GBX 465.29 and a 200 day simple moving average of GBX 464.97.
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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