Glencore (LON:GLEN) Given A GBX 540 Price Target At UBS Group

UBS Group set a GBX 540 ($6.54) price objective on Glencore (LON:GLEN – Get Rating) in a report released on Wednesday morning, Borsen Zeitung reports.

A number of other brokerages also recently commented on GLEN. Jefferies Financial Group set a GBX 650 ($7.87) price objective on Glencore in a research report on Monday, June 20th. The Goldman Sachs Group set a GBX 745 ($9.02) price objective on Glencore in a research report on Tuesday, June 21st. Deutsche Bank Rese… set a GBX 560 ($6.78) price objective on Glencore in a research report on Wednesday, June 29th. Morgan Stanley set a GBX 740 ($8.96) target price on Glencore in a report on Thursday, June 23rd. Finally, Barclays lifted their target price on Glencore from GBX 461 ($5.58) to GBX 770 ($9.32) and gave the company an overweight rating in a report on Monday, June 20th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of GBX 599.23 ($7.26).

Shares of LON:GLEN opened at GBX 419.35 ($5.08) on Wednesday. The company has a market cap of £54.99 billion and a P/E ratio of 13.48. The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. Glencore has a 52 week low of GBX 290.96 ($3.52) and a 52 week high of GBX 548.30 ($6.64). The business has a fifty day simple moving average of GBX 484.62 and a 200-day simple moving average of GBX 457.94.

About Glencore (Get Rating)

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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