Glencore (LON:GLEN – Get Rating)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a research note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 700 ($8.46) price objective on the natural resources company’s stock. Barclays‘s target price suggests a potential upside of 43.69% from the company’s previous close.
Several other research analysts have also recently issued reports on GLEN. JPMorgan Chase & Co. decreased their price objective on shares of Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an “overweight” rating for the company in a report on Friday, August 5th. Morgan Stanley set a GBX 740 ($8.94) price objective on shares of Glencore in a report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.77) price objective on shares of Glencore in a report on Monday, August 8th. The Goldman Sachs Group set a GBX 600 ($7.25) price objective on shares of Glencore in a report on Monday, August 8th. Finally, Berenberg Bank decreased their price objective 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Glencore presently has a consensus rating of “Buy” and an average target price of GBX 576.15 ($6.96).
Glencore stock opened at GBX 487.15 ($5.89) on Thursday. The firm has a 50 day simple moving average of GBX 449.77 and a 200-day simple moving average of GBX 470.79. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. The stock has a market capitalization of £63.80 billion and a PE ratio of 502.22. Glencore has a 12-month low of GBX 304.85 ($3.68) and a 12-month high of GBX 548.30 ($6.63).
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
