JPMorgan Chase & Co. set a GBX 650 ($7.89) target price on Glencore (LON:GLEN – Get Rating) in a research note issued to investors on Monday morning, Borsen Zeitung reports.
A number of other brokerages have also recently issued reports on GLEN. UBS Group set a GBX 560 ($6.80) price target on shares of Glencore in a research note on Friday. Credit Suisse Group reiterated an outperform rating and issued a GBX 675 ($8.19) price target on shares of Glencore in a research note on Thursday, February 2nd. Barclays reiterated an overweight rating and issued a GBX 600 ($7.28) price target on shares of Glencore in a research note on Thursday, February 2nd. The Goldman Sachs Group set a GBX 640 ($7.77) price target on shares of Glencore in a research note on Wednesday, December 7th. Finally, Royal Bank of Canada boosted their target price on Glencore from GBX 520 ($6.31) to GBX 540 ($6.55) and gave the stock an outperform rating in a research report on Wednesday, February 8th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Glencore has a consensus rating of Buy and a consensus price target of GBX 618.18 ($7.50).
Shares of Glencore stock opened at GBX 516.20 ($6.27) on Monday. The stock has a market cap of £66.15 billion and a price-to-earnings ratio of 531.75. The firm’s 50-day moving average is GBX 546.66 and its 200 day moving average is GBX 513.13. Glencore has a 1 year low of GBX 395.40 ($4.80) and a 1 year high of GBX 584.50 ($7.10). The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32.
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
