JPMorgan Chase & Co. set a GBX 330 ($4.31) price objective on Glencore (LON:GLEN) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the natural resources company’s stock.
A number of other brokerages have also recently weighed in on GLEN. Barclays dropped their price objective on shares of Glencore from GBX 360 ($4.70) to GBX 340 ($4.44) and set an overweight rating for the company in a research note on Thursday, July 4th. Credit Suisse Group set a GBX 390 ($5.10) price objective on shares of Glencore and gave the stock a buy rating in a research note on Monday, August 5th. UBS Group set a GBX 280 ($3.66) target price on shares of Glencore and gave the stock a neutral rating in a research note on Wednesday, July 31st. Deutsche Bank reaffirmed a buy rating on shares of Glencore in a research note on Thursday, August 1st. Finally, HSBC set a GBX 360 ($4.70) target price on shares of Glencore and gave the stock a buy rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 319.94 ($4.18).
Shares of GLEN opened at GBX 231.15 ($3.02) on Wednesday. The company has a debt-to-equity ratio of 86.25, a quick ratio of 0.53 and a current ratio of 1.05. The stock’s 50 day simple moving average is GBX 266.45. Glencore has a 1-year low of GBX 220.36 ($2.88) and a 1-year high of GBX 343.60 ($4.49). The stock has a market cap of $31.46 billion and a PE ratio of 33.50.
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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