Glencore (LON:GLEN) had its price objective boosted by JPMorgan Chase & Co. from GBX 260 ($3.40) to GBX 270 ($3.53) in a research note published on Thursday morning, Borsen Zeitung reports. They currently have an underweight rating on the natural resources company’s stock.
A number of other research firms have also issued reports on GLEN. Royal Bank of Canada restated a sector performer rating on shares of Glencore in a research report on Thursday, August 8th. UBS Group restated a neutral rating and set a GBX 280 ($3.66) price objective on shares of Glencore in a research report on Thursday, August 8th. Goldman Sachs Group set a GBX 220 ($2.87) price objective on Glencore and gave the company a neutral rating in a research report on Tuesday, August 20th. Morgan Stanley set a GBX 305 ($3.99) price objective on Glencore and gave the company a buy rating in a research report on Monday, August 19th. Finally, Independent Research set a GBX 250 ($3.27) price objective on Glencore and gave the company a neutral rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 294.94 ($3.85).
LON:GLEN opened at GBX 261.35 ($3.42) on Thursday. Glencore has a 12-month low of GBX 188.51 ($2.46) and a 12-month high of GBX 343.60 ($4.49). The firm has a market capitalization of $35.46 billion and a P/E ratio of 42.15. The company has a debt-to-equity ratio of 86.29, a current ratio of 1.05 and a quick ratio of 0.39. The business has a 50 day simple moving average of GBX 243.42 and a 200 day simple moving average of GBX 280.80.
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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