Glencore (LON:GLEN – Get Rating) was downgraded by stock analysts at AlphaValue to an “add” rating in a report issued on Wednesday, LSE.Co.UK reports.
Other analysts have also issued research reports about the stock. UBS Group set a GBX 560 ($6.80) price target on shares of Glencore in a research note on Friday, February 10th. Barclays restated an “overweight” rating and set a GBX 600 ($7.28) price target on shares of Glencore in a research note on Thursday, February 2nd. Credit Suisse Group restated an “outperform” rating and set a GBX 675 ($8.19) price target on shares of Glencore in a research note on Thursday, February 2nd. Jefferies Financial Group set a GBX 700 ($8.50) price target on shares of Glencore in a research note on Friday, January 6th. Finally, Citigroup reiterated a “top pick” rating on shares of Glencore in a research note on Monday, January 16th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Glencore has a consensus rating of “Buy” and a consensus price target of GBX 618.18 ($7.50).
Shares of GLEN stock opened at GBX 512.09 ($6.22) on Wednesday. The firm has a market capitalization of £65.63 billion and a PE ratio of 525.36. The firm has a fifty day simple moving average of GBX 545.85 and a two-hundred day simple moving average of GBX 513.51. The company has a current ratio of 1.24, a quick ratio of 0.32 and a debt-to-equity ratio of 70.19. Glencore has a 12 month low of GBX 395.40 ($4.80) and a 12 month high of GBX 584.50 ($7.10).
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
