Glencore (LON:GLEN) Earns Neutral Rating from JPMorgan Chase & Co.

Glencore (LON:GLEN)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a GBX 400 price target on the natural resources company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.66% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Citigroup raised their price objective on shares of Glencore from GBX 370 to GBX 380 and gave the stock a “buy” rating in a report on Thursday, August 14th. Berenberg Bank cut shares of Glencore to a “hold” rating and set a GBX 350 price objective on the stock. in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 400 to GBX 380 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 350 target price on shares of Glencore in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Glencore has a consensus rating of “Moderate Buy” and an average target price of GBX 388.33.

Glencore Stock Down 3.2%

GLEN stock opened at GBX 345.85 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14. Glencore has a twelve month low of GBX 205 and a twelve month high of GBX 426.60. The company’s 50 day moving average is GBX 309.31 and its two-hundred day moving average is GBX 289.54. The stock has a market cap of £40.86 billion, a P/E ratio of -2,161.56, a PEG ratio of 0.43 and a beta of 1.21.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.