Glencore (LON:GLEN) Given a GBX 620 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. set a GBX 620 ($7.60) price target on Glencore (LON:GLENGet Rating) in a research report sent to investors on Monday, Borsen Zeitung reports.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank dropped 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. The Goldman Sachs Group set a GBX 600 ($7.35) price objective on Glencore in a report on Thursday, July 14th. UBS Group set a GBX 540 ($6.62) price objective on Glencore in a report on Monday. set a GBX 560 ($6.86) price objective on Glencore in a report on Monday. Finally, Royal Bank of Canada set a GBX 550 ($6.74) price objective on Glencore in a report on Friday. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of GBX 579.62 ($7.10).

Glencore Trading Down 0.6 %

GLEN stock opened at GBX 458 ($5.61) on Monday. The company has a market cap of £60.06 billion and a P/E ratio of 1,486.13. Glencore has a twelve month low of GBX 302.55 ($3.71) and a twelve month high of GBX 548.30 ($6.72). The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. The business has a fifty day moving average of GBX 465.29 and a 200-day moving average of GBX 464.97.

About Glencore

(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.

Further Reading

Analyst Recommendations for Glencore (LON:GLEN)

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