Glencore (LON:GLEN) PT Set At GBX 570 By Credit Suisse Group
Glencore (LON:GLEN – Get Rating) received a GBX 570 ($6.98) price target from investment analysts at Credit Suisse Group in a research report issued on Friday, Borsen Zeitung reports. Credit Suisse Group’s price target suggests a potential upside of 22.11% from the company’s previous close.
GLEN has been the topic of several other reports. UBS Group set a GBX 540 ($6.62) target price on shares of Glencore in a research note on Monday, August 1st. JPMorgan Chase & Co. reduced their price target on shares of Glencore from GBX 620 ($7.60) to GBX 590 ($7.23) and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group set a GBX 625 ($7.66) price target on shares of Glencore in a research report on Thursday. Morgan Stanley set a GBX 740 ($9.07) price target on shares of Glencore in a research report on Thursday, June 23rd. Finally, The Goldman Sachs Group set a GBX 600 ($7.35) price objective on shares of Glencore in a report on Monday, August 1st. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Glencore presently has a consensus rating of “Buy” and a consensus target price of GBX 576.15 ($7.06).
Glencore Trading Up 1.5 %
GLEN stock opened at GBX 466.80 ($5.72) on Friday. The company’s 50-day simple moving average is GBX 460 and its 200-day simple moving average is GBX 465.75. The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. Glencore has a 52-week low of GBX 302.55 ($3.71) and a 52-week high of GBX 548.30 ($6.72). The firm has a market cap of £61.13 billion and a P/E ratio of 1,505.81.
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
