Glencore (LON:GLEN – Get Rating) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from GBX 690 ($8.34) to GBX 660 ($7.97) in a research note issued on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 36.27% from the stock’s current price.
GLEN has been the subject of several other reports. set a GBX 560 ($6.77) price target on shares of Glencore in a research report on Monday, August 1st. Royal Bank of Canada set a GBX 550 ($6.65) price target on shares of Glencore in a research report on Wednesday, August 31st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Glencore from GBX 560 ($6.77) to GBX 500 ($6.04) and set a “buy” rating for the company in a report on Wednesday, October 5th. Berenberg Bank dropped their target price on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) and set a “buy” rating for the company in a report on Tuesday, June 28th. Finally, Jefferies Financial Group set a GBX 625 ($7.55) target price on shares of Glencore in a report on Thursday, August 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 599.23 ($7.24).
Glencore Stock Down 0.8 %
GLEN opened at GBX 484.35 ($5.85) on Friday. The stock has a market cap of £62.83 billion and a PE ratio of 461.29. The company has a quick ratio of 0.32, a current ratio of 1.24 and a debt-to-equity ratio of 70.19. Glencore has a 52 week low of GBX 346.40 ($4.19) and a 52 week high of GBX 548.30 ($6.63). The business’s fifty day simple moving average is GBX 483.48 and its 200 day simple moving average is GBX 479.82.
Glencore Company Profile
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
