Glencore (LON:GLEN) Rating Reiterated by JPMorgan Chase & Co.

Glencore (LON:GLEN)‘s stock had its “not rated” rating restated by JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat reports.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 560 ($6.91) target price on shares of Glencore in a research note on Thursday, September 28th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Glencore currently has an average rating of “Moderate Buy” and a consensus target price of GBX 589.50 ($7.28).

Glencore Stock Performance

Glencore stock opened at GBX 427.10 ($5.27) on Thursday. The company has a debt-to-equity ratio of 71.03, a current ratio of 1.35 and a quick ratio of 0.32. The stock has a fifty day moving average price of GBX 445.84 and a two-hundred day moving average price of GBX 445.41. Glencore has a 52-week low of GBX 410.95 ($5.07) and a 52-week high of GBX 584.50 ($7.22). The firm has a market capitalization of £52.53 billion, a P/E ratio of 688.87, a P/E/G ratio of 0.43 and a beta of 1.32.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of 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 engages in production and marketing copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.