The Goldman Sachs Group Analysts Give Glencore (LON:GLEN) A GBX 600 Price Target
Glencore (LON:GLEN – Get Rating) has been assigned a GBX 600 ($7.14) target price by analysts at The Goldman Sachs Group in a note issued to investors on Thursday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective suggests a potential upside of 46.97% from the stock’s current price.
A number of other analysts also recently commented on the company. Morgan Stanley set a GBX 740 ($8.80) price objective on Glencore in a research report on Thursday, June 23rd. Berenberg Bank lowered their price target on shares of Glencore from GBX 580 ($6.90) to GBX 560 ($6.66) and set a “buy” rating on the stock in a report on Tuesday, June 28th. Credit Suisse Group set a GBX 560 ($6.66) price target on shares of Glencore in a report on Wednesday, July 6th. Royal Bank of Canada set a GBX 550 ($6.54) price target on shares of Glencore in a research note on Friday, July 8th. Finally, Deutsche Bank Rese… set a GBX 560 ($6.66) price target on Glencore in a research report on Wednesday, June 29th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 582.69 ($6.93).
GLEN stock opened at GBX 408.25 ($4.86) on Thursday. Glencore has a twelve month low of GBX 290.96 ($3.46) and a twelve month high of GBX 548.30 ($6.52). The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11. The company has a market cap of £53.53 billion and a PE ratio of 1,321.29. The business’s 50-day simple moving average is GBX 478.37 and its 200 day simple moving average is GBX 459.89.
Glencore Company Profile (Get Rating)
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
