Glencore (LON:GLEN) Price Target Raised to GBX 450 at JPMorgan Chase & Co.

Glencore (LON:GLEN) had its price objective upped by JPMorgan Chase & Co. from GBX 400 to GBX 450 in a report published on Wednesday, Marketbeat.com reports. The brokerage currently has a neutral rating on the natural resources company’s stock.

Other analysts also recently issued research reports about the stock. Citigroup lifted their price target on shares of Glencore from GBX 370 to GBX 380 and gave the company a “buy” rating in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Glencore from GBX 400 to GBX 380 and set a “buy” rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 350 target price on shares of Glencore in a report on Monday, August 18th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 350 price target on shares of Glencore in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 396.67.

Glencore Trading Up 6.5%

Shares of Glencore stock opened at GBX 383.65 on Wednesday. The stock has a market capitalization of £45.21 billion, a PE ratio of -23.98, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. Glencore has a 52 week low of GBX 205 and a 52 week high of GBX 397.40. The stock has a 50 day moving average price of GBX 354.01 and a two-hundred day moving average price of GBX 315.65. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30.

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.