Glencore (LON:GLEN – Get Rating) has been assigned a GBX 650 ($7.89) price target by Jefferies Financial Group in a research report issued to clients and investors on Monday, Borsen Zeitung reports. Jefferies Financial Group’s target price indicates a potential upside of 36.78% from the stock’s previous close.
A number of other research firms have also recently weighed in on GLEN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 580 ($7.04) price target on shares of Glencore in a report on Thursday, May 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Glencore in a report on Wednesday, May 11th. JPMorgan Chase & Co. lifted their price target on Glencore from GBX 630 ($7.65) to GBX 650 ($7.89) and gave the company a “top pick” rating in a report on Monday. Royal Bank of Canada set a GBX 550 ($6.68) price target on Glencore in a report on Monday. Finally, The Goldman Sachs Group set a GBX 710 ($8.62) price target on Glencore in a report on Wednesday, June 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 598.80 ($7.27).
GLEN stock traded up GBX 14 ($0.17) during midday trading on Monday, reaching GBX 475.20 ($5.77). The company had a trading volume of 23,761,527 shares, compared to its average volume of 49,209,422. 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 stock has a 50 day moving average price of GBX 500.38 and a 200 day moving average price of GBX 451.94. Glencore has a fifty-two week low of GBX 289.65 ($3.52) and a fifty-two week high of GBX 548.30 ($6.65). The firm has a market capitalization of £62.45 billion and a PE ratio of 15.68.
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.
- Ride Out The Recession With These Dividend Kings
- MarketBeat: Week in Review 6/13 – 6/17
- eBay’s Long Term Fundamentals Are Intact If You Can Stomach Short Term Volatility
- Honda’s Stock Continues To Fly Under The Radar
- Vuzix Stock Stays Optimistic
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.