Glencore (LON:GLEN – Get Rating) received a GBX 560 ($6.75) price target from equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Monday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 21.58% from the company’s current price.
GLEN has been the topic of several other reports. Jefferies Financial Group set a GBX 650 ($7.83) price target on shares of Glencore in a research note on Monday, June 20th. Morgan Stanley set a GBX 740 ($8.92) price target on shares of Glencore in a research note on Thursday, June 23rd. UBS Group set a GBX 540 ($6.51) price target on shares of Glencore in a research note on Monday. Barclays decreased their price target on shares of Glencore from GBX 770 ($9.28) to GBX 700 ($8.43) and set an “overweight” rating on the stock in a research note on Friday, July 8th. Finally, JPMorgan Chase & Co. set a GBX 620 ($7.47) price target on shares of Glencore in a research note on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 579.62 ($6.98).
Glencore Stock Performance
Shares of LON:GLEN traded down GBX 1.27 ($0.02) on Monday, hitting GBX 460.59 ($5.55). The company had a trading volume of 25,808,711 shares, compared to its average volume of 47,160,590. Glencore has a 1-year low of GBX 302.55 ($3.65) and a 1-year high of GBX 548.30 ($6.61). The stock has a market cap of £60.40 billion and a price-to-earnings ratio of 1,485.76. The stock has a 50 day moving average price of GBX 466.33 and a 200 day moving average price of GBX 464.56. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11.
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
