Glencore (LON:GLEN) Given a GBX 720 Price Target at Credit Suisse Group

Credit Suisse Group set a GBX 720 ($8.70) target price on Glencore (LON:GLENGet Rating) in a report released on Tuesday morning, Borsen Zeitung reports.

A number of other research firms have also weighed in on GLEN. UBS Group set a GBX 540 ($6.52) price objective on shares of Glencore in a research note on Monday, August 8th. Morgan Stanley set a GBX 740 ($8.94) price target on Glencore in a research note on Thursday, June 23rd. The Goldman Sachs Group set a GBX 600 ($7.25) price objective on Glencore in a research note on Monday, August 8th. Deutsche Bank Aktiengesellschaft set a GBX 560 ($6.77) price objective on Glencore in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Glencore from GBX 620 ($7.49) to GBX 590 ($7.13) and set an overweight rating on the stock in a research report on Friday, August 5th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of GBX 587.69 ($7.10).

Glencore Price Performance

Shares of GLEN opened at GBX 486.85 ($5.88) on Tuesday. The business’s fifty day moving average is GBX 453.14 and its 200 day moving average is GBX 475.47. Glencore has a 12-month low of GBX 305.07 ($3.69) and a 12-month high of GBX 548.30 ($6.63). The company has a quick ratio of 0.32, a current ratio of 1.24 and a debt-to-equity ratio of 70.19. The stock has a market cap of £63.40 billion and a P/E ratio of 472.67.

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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