Glencore (LON:GLEN) Pt Raised To GBX 675 At Credit Suisse Group
Glencore (LON:GLEN – Get Rating) had its price objective raised by investment analysts at Credit Suisse Group from GBX 625 ($7.59) to GBX 675 ($8.19) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group’s price target suggests a potential upside of 32.43% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. AlphaValue downgraded Glencore to an “add” rating in a report on Wednesday. Citigroup restated a “top pick” rating on shares of Glencore in a report on Monday, January 16th. Barclays restated an “overweight” rating and issued a GBX 600 ($7.28) price objective on shares of Glencore in a report on Thursday, February 2nd. Jefferies Financial Group set a GBX 700 ($8.50) price objective on Glencore in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a GBX 575 ($6.98) price objective on Glencore in a report on Thursday, February 2nd. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 612.73 ($7.44).
Shares of GLEN opened at GBX 509.70 ($6.19) on Thursday. The business’s 50-day moving average is GBX 543.72 and its 200-day moving average is GBX 513.77. Glencore has a fifty-two week low of GBX 395.40 ($4.80) and a fifty-two week high of GBX 584.50 ($7.10). The company has a market capitalization of £65.32 billion and a price-to-earnings ratio of 525.46. 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 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
