Deutsche Bank reiterated their buy rating on shares of Glencore (LON:GLEN) in a report published on Monday, Stock Target Advisor reports.
A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Glencore from GBX 320 ($4.18) to GBX 300 ($3.92) and set a buy rating on the stock in a report on Friday, October 11th. Barclays reissued an overweight rating on shares of Glencore in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Glencore from GBX 270 ($3.53) to GBX 250 ($3.27) and set an underweight rating on the stock in a report on Wednesday, November 6th. Macquarie dropped their target price on shares of Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating on the stock in a report on Monday, August 12th. Finally, Independent Research set a GBX 250 ($3.27) target price on shares of Glencore and gave the stock a neutral rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 284.19 ($3.71).
GLEN traded up GBX 1.45 ($0.02) during trading on Monday, hitting GBX 240.95 ($3.15). The company had a trading volume of 20,760,137 shares, compared to its average volume of 46,120,000. The company has a market cap of $32.24 billion and a PE ratio of 38.86. The business has a 50-day moving average of GBX 237.74 and a 200-day moving average of GBX 256.11. The company has a debt-to-equity ratio of 86.29, a current ratio of 1.05 and a quick ratio of 0.39. Glencore has a 1-year low of GBX 188.23 ($2.46) and a 1-year high of GBX 2,334.50 ($30.50).
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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