Glencore (LON:GLEN) Given “Buy” Rating at Jefferies Financial Group

Glencore (LON:GLEN)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 720 price target on the natural resources company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 23.06% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank reissued a “buy” rating and set a GBX 630 price target on shares of Glencore in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Glencore from GBX 500 to GBX 560 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Citigroup raised their price target on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Glencore presently has an average rating of “Moderate Buy” and an average target price of GBX 1,755.

Glencore Stock Performance

Shares of Glencore stock opened at GBX 585.09 on Tuesday. The business’s 50 day moving average price is GBX 569.06 and its 200 day moving average price is GBX 496.50. The company has a market cap of £68.55 billion, a price-to-earnings ratio of 195.03, a PEG ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 109.99, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a one year low of GBX 273.30 and a one year high of GBX 707.20.

About Glencore

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.