Glencore (LON:GLEN) Price Target Raised to GBX 560

Glencore (LON:GLENGet Rating) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 500 ($5.91) to GBX 560 ($6.62) in a research report report published on Wednesday, Marketbeat.com reports. They currently have a buy rating on the natural resources company’s stock.

A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. set a GBX 660 ($7.80) price objective on shares of Glencore in a research report on Friday, October 28th. Royal Bank of Canada set a GBX 550 ($6.50) price objective on shares of Glencore in a research report on Friday, October 28th. Credit Suisse Group set a GBX 750 ($8.87) price objective on shares of Glencore in a research report on Monday, November 14th. set a GBX 560 ($6.62) price objective on shares of Glencore in a research report on Monday, August 1st. Finally, Jefferies Financial Group set a GBX 625 ($7.39) target price on shares of Glencore in a research note on Friday, October 28th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore has an average rating of Buy and a consensus target price of GBX 601.54 ($7.11).

Glencore Trading Up 0.6 %

Shares of Glencore stock opened at GBX 533.31 ($6.31) on Wednesday. The firm has a 50-day simple moving average of GBX 497.18 and a two-hundred day simple moving average of GBX 480.51. The company has a market cap of £69.05 billion and a P/E ratio of 530.30. Glencore has a fifty-two week low of GBX 346.40 ($4.10) and a fifty-two week high of GBX 548.50 ($6.49). The company has a debt-to-equity ratio of 70.19, a quick ratio of 0.32 and a current ratio of 1.24.

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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