Glencore Given A GBX 660 Price Target By JPMorgan Chase & Co. Analysts
JPMorgan Chase & Co. set a GBX 660 ($8.05) price target on Glencore (LON:GLEN – Get Rating) in a report published on Tuesday, Borsen Zeitung reports.
A number of other equities research analysts also recently weighed in on GLEN. Deutsche Bank Aktiengesellschaft upped their price target on shares of Glencore from GBX 500 ($6.10) to GBX 560 ($6.83) and gave the company a buy rating in a report on Wednesday, November 23rd. Royal Bank of Canada set a GBX 530 ($6.46) price objective on Glencore in a report on Thursday, December 1st. Credit Suisse Group set a GBX 750 ($9.15) price objective on Glencore in a report on Monday, November 14th. UBS Group set a GBX 540 ($6.58) price objective on Glencore in a report on Monday, August 8th. Finally, Barclays restated an overweight rating and set a GBX 680 ($8.29) price objective on shares of Glencore in a report on Thursday, November 24th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of GBX 612.08 ($7.46).
Shares of LON GLEN opened at GBX 544.40 ($6.64) on Tuesday. Glencore has a twelve month low of GBX 354.10 ($4.32) and a twelve month high of GBX 571.80 ($6.97). The company has a current ratio of 1.24, a quick ratio of 0.32 and a debt-to-equity ratio of 70.19. The company has a market capitalization of £70.09 billion and a price-to-earnings ratio of 549.49. The firm has a 50-day moving average of GBX 508.87 and a two-hundred day moving average of GBX 485.10.
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.
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