Glencore (LON:GLEN) Given A GBX 700 Price Target At Jefferies Financial Group

Glencore (LON:GLEN – Get Rating) has been given a GBX 700 ($8.54) price objective by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s price target would suggest a potential upside of 24.64% from the company’s previous close.

GLEN has been the topic of a number of other research reports. Credit Suisse Group set a GBX 750 ($9.15) target price on Glencore in a research note on Monday, November 14th. Deutsche Bank Aktiengesellschaft upped their target price on Glencore from GBX 500 ($6.10) to GBX 560 ($6.83) and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Barclays reaffirmed an “overweight” rating and set a GBX 680 ($8.29) target price on shares of Glencore in a research note on Thursday, November 24th. The Goldman Sachs Group set a GBX 680 ($8.29) target price on Glencore in a research note on Thursday, December 1st. Finally, Royal Bank of Canada set a GBX 530 ($6.46) target price on Glencore in a research note on Thursday, December 1st. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 615.42 ($7.50).

Shares of LON GLEN opened at GBX 561.60 ($6.85) on Tuesday. The business’s 50 day moving average is GBX 508.87 and its two-hundred day moving average is GBX 485.10. The company has a debt-to-equity ratio of 70.19, a current ratio of 1.24 and a quick ratio of 0.32. Glencore has a 1-year low of GBX 351.70 ($4.29) and a 1-year high of GBX 571.80 ($6.97). The stock has a market capitalization of £72.31 billion and a P/E ratio of 573.06.

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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