Credit Suisse Group set a GBX 720 ($8.70) price objective on Glencore (LON:GLEN – Get Rating) in a report issued on Tuesday, Borsen Zeitung reports.
A number of other equities analysts also recently issued reports on the stock. The Goldman Sachs Group set a GBX 600 ($7.25) price target on shares of Glencore in a research note on Monday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an overweight rating for the company in a research report on Friday, August 5th. Barclays reissued an overweight rating and set a GBX 700 ($8.46) price objective on shares of Glencore in a research note on Thursday, August 18th. set a GBX 560 ($6.77) target price on shares of Glencore in a research note on Monday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.77) price target on Glencore in a research report on Monday, August 8th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Glencore has a consensus rating of Buy and a consensus price target of GBX 587.69 ($7.10).
Shares of LON GLEN opened at GBX 486.85 ($5.88) on Tuesday. The firm has a fifty day simple moving average of GBX 453.14 and a two-hundred day simple moving average of GBX 475.47. Glencore has a 12 month low of GBX 305.07 ($3.69) and a 12 month high of GBX 548.30 ($6.63). The company has a current ratio of 1.24, a quick ratio of 0.32 and a debt-to-equity ratio of 70.19. The firm has a market capitalization of £63.40 billion and a PE ratio of 472.67.
About Glencore
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.
www.ferroalloynet.com
