Glencore (LON:GLEN) Given Overweight Rating at Barclays

Barclays reissued their overweight rating on shares of Glencore (LON:GLENGet Rating) in a report published on Tuesday, reports. Barclays currently has a GBX 700 ($8.46) price target on the natural resources company’s stock.

Other analysts also recently issued research reports about the stock. Credit Suisse Group set a GBX 720 ($8.70) price objective on shares of Glencore in a report on Tuesday, September 6th. Berenberg Bank reduced their price target on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) and set a buy rating on the stock in a report on Tuesday, June 28th. Royal Bank of Canada set a GBX 550 ($6.65) price target on shares of Glencore in a report on Wednesday, August 31st. Jefferies Financial Group set a GBX 625 ($7.55) price target on shares of Glencore in a report on Thursday, August 4th. Finally, Morgan Stanley set a GBX 740 ($8.94) price objective on shares of Glencore in a research note on Thursday, June 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of GBX 587.69 ($7.10).

Glencore Price Performance

Shares of GLEN opened at GBX 482.95 ($5.84) on Tuesday. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. The stock has a market cap of £62.90 billion and a PE ratio of 449.44. Glencore has a 1-year low of GBX 318.57 ($3.85) and a 1-year high of GBX 548.30 ($6.63). The firm has a fifty day moving average price of GBX 464.75 and a 200 day moving average price of GBX 480.23.

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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