Glencore (LON:GLEN) Given A GBX 600 Price Target By The Goldman Sachs Group Analysts

The Goldman Sachs Group set a GBX 600 ($7.14) price target on Glencore (LON:GLEN – Get Rating) in a research note issued to investors on Thursday, Marketbeat reports.

A number of other analysts have also issued reports on GLEN. Royal Bank of Canada set a GBX 550 ($6.54) price target on shares of Glencore in a research note on Friday, July 8th. Barclays lowered their price target on Glencore from GBX 770 ($9.16) to GBX 700 ($8.33) and set an overweight rating for the company in a report on Friday, July 8th. JPMorgan Chase & Co. set a GBX 640 ($7.61) price target on Glencore in a research note on Wednesday, July 13th. Morgan Stanley set a GBX 740 ($8.80) price objective on Glencore in a research report on Thursday, June 23rd. Finally, Credit Suisse Group set a GBX 560 ($6.66) price target on Glencore in a research report on Wednesday, July 6th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of GBX 582.69 ($6.93).

Shares of GLEN stock opened at GBX 406.85 ($4.84) on Thursday. The company’s 50-day moving average price is GBX 475.10 and its 200-day moving average price is GBX 461.47. The company has a current ratio of 1.17, a quick ratio of 0.32 and a debt-to-equity ratio of 94.11. The stock has a market cap of £53.35 billion and a price-to-earnings ratio of 1,356.17. Glencore has a twelve month low of GBX 290.96 ($3.46) and a twelve month high of GBX 548.30 ($6.52).

About Glencore

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.

www.ferroalloynet.com