Glencore (LON:GLEN) Given Overweight Rating at Barclays

Glencore (LON:GLENGet Rating)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a report released on Friday, reports. They presently have a GBX 730 ($9.12) target price on the natural resources company’s stock. Barclays‘s target price suggests a potential upside of 49.19% from the stock’s current price.

A number of other research analysts also recently weighed in on GLEN. Deutsche Bank Aktiengesellschaft lifted their price target on Glencore from GBX 580 ($7.25) to GBX 590 ($7.37) and gave the company a “buy” rating in a report on Tuesday, April 5th. Morgan Stanley reissued an “overweight” rating and issued a GBX 623 ($7.78) price target on shares of Glencore in a research report on Thursday, April 14th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Glencore in a research report on Tuesday, March 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 590 ($7.37) target price on shares of Glencore in a research report on Tuesday, April 5th. Finally, Liberum Capital restated a “buy” rating and set a GBX 425 ($5.31) price target on shares of Glencore in a report on Thursday, January 20th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 558.29 ($6.97).

LON GLEN opened at GBX 489.30 ($6.11) on Friday. The firm’s 50 day moving average price is GBX 489.55 and its two-hundred day moving average price is GBX 419.38. The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. Glencore has a twelve month low of GBX 289.65 ($3.62) and a twelve month high of GBX 540.20 ($6.75). The stock has a market cap of £64.44 billion and a price-to-earnings ratio of 16.60.

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.

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