Glencore (LON:GLEN) PT Set At GBX 660 By JPmorgan Chase & Co.

Glencore (LON:GLEN – Get Rating) has been assigned a GBX 660 ($7.97) price target by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 32.86% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Glencore from GBX 560 ($6.77) to GBX 500 ($6.04) and set a “buy” rating for the company in a research report on Wednesday, October 5th. UBS Group set a GBX 540 ($6.52) target price on shares of Glencore in a research note on Monday, August 8th. Royal Bank of Canada set a GBX 550 ($6.65) price objective on shares of Glencore in a research note on Friday. set a GBX 560 ($6.77) price objective on shares of Glencore in a research note on Monday, August 1st. Finally, Barclays restated an “overweight” rating and issued a GBX 700 ($8.46) target price on shares of Glencore in a research report on Friday, October 21st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 599.23 ($7.24).
Glencore Stock Down 0.8 %
Shares of LON GLEN opened at GBX 496.75 ($6.00) on Friday. Glencore has a 52-week low of GBX 346.40 ($4.19) and a 52-week high of GBX 548.30 ($6.63). The firm has a fifty day moving average of GBX 487.12 and a 200-day moving average of GBX 478.57. The stock has a market capitalization of £64.44 billion and a PE ratio of 487.01. The company has a quick ratio of 0.32, a current ratio of 1.24 and a debt-to-equity ratio of 70.19.
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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