Glencore (LON:GLEN) Given “Overweight” Rating At Barclays
Barclays reiterated their overweight rating on shares of Glencore (LON:GLEN – Get Rating) in a research report released on Monday, Marketbeat.com reports. The brokerage currently has a GBX 700 ($8.46) price objective on the natural resources company’s stock.
Other equities analysts also recently issued research reports about the stock. Morgan Stanley set a GBX 740 ($8.94) price objective on shares of Glencore in a research note on Thursday, June 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an overweight rating for the company in a research note on Friday. Jefferies Financial Group set a GBX 625 ($7.55) price target on shares of Glencore in a research note on Thursday, August 4th. Berenberg Bank dropped their price target on shares of Glencore from GBX 580 ($7.01) to GBX 560 ($6.77) and set a buy rating for the company in a research note on Tuesday, June 28th. Finally, UBS Group set a GBX 540 ($6.52) price target on shares of Glencore in a research note on Monday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Glencore presently has an average rating of Buy and an average target price of GBX 576.15 ($6.96).
Shares of LON:GLEN opened at GBX 461.05 ($5.57) on Monday. The company has a market cap of £60.38 billion and a price-to-earnings ratio of 1,487.26. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32. The firm has a 50 day simple moving average of GBX 458.77 and a 200 day simple moving average of GBX 466.51. Glencore has a one year low of GBX 302.55 ($3.66) and a one year high of GBX 548.30 ($6.63).
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.
www.ferroalloynet.com
