Barclays Reiterates Equal Weight Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a report released on Wednesday, MarketBeat Ratings reports. They presently have a GBX 515 ($6.47) target price on the natural resources company’s stock. Barclays‘s price target would suggest a potential upside of 12.27% from the stock’s current price.

Glencore Stock Performance

LON GLEN opened at GBX 458.70 ($5.76) on Wednesday. The stock’s fifty day moving average is GBX 434.77 and its two-hundred day moving average is GBX 436.62. The firm has a market capitalization of £55.73 billion, a P/E ratio of 1,698.89, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32. The company has a debt-to-equity ratio of 85.91, a quick ratio of 0.32 and a current ratio of 1.29. Glencore has a fifty-two week low of GBX 365.31 ($4.59) and a fifty-two week high of GBX 491.65 ($6.18).

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.