Glencore (LON:GLEN) PT Set At GBX 540 By UBS Group

Glencore (LON:GLEN – Get Rating) has been assigned a GBX 540 ($6.52) target price by investment analysts at UBS Group in a research note issued on Monday, Borsen Zeitung reports. UBS Group’s price target would indicate a potential upside of 16.30% from the stock’s current price.
Several other research analysts have also recently issued reports on GLEN. Jefferies Financial Group set a GBX 625 ($7.55) target price on shares of Glencore in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 560 ($6.77) target price on shares of Glencore in a report on Monday, August 1st. Barclays decreased their price objective on shares of Glencore from GBX 770 ($9.30) to GBX 700 ($8.46) and set an “overweight” rating for the company in a report on Friday, July 8th. The Goldman Sachs Group set a GBX 600 ($7.25) price objective on shares of Glencore in a report on Monday. Finally, Credit Suisse Group set a GBX 570 ($6.89) price objective on shares of Glencore in a report on Friday, August 5th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Glencore has a consensus rating of “Buy” and a consensus price target of GBX 576.15 ($6.96).
Shares of Glencore stock opened at GBX 464.30 ($5.61) on Monday. The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. The stock has a market capitalization of £60.81 billion and a PE ratio of 1,497.74. Glencore has a 52-week low of GBX 302.55 ($3.66) and a 52-week high of GBX 548.30 ($6.63). The company has a 50-day simple moving average of GBX 457.62 and a two-hundred day simple moving average of GBX 466.50.
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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