Glencore (LON:GLEN) Given a GBX 220 Price Target at Goldman Sachs Group

Goldman Sachs Group set a GBX 220 ($2.87) target price on Glencore (LON:GLEN) in a research report report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the natural resources company’s stock.

A number of other research firms have also recently weighed in on GLEN. UBS Group reaffirmed a neutral rating and set a GBX 280 ($3.66) price target on shares of Glencore in a report on Thursday, August 8th. Jefferies Financial Group set a GBX 275 ($3.59) price target on Glencore and gave the company a buy rating in a report on Thursday, August 8th. Royal Bank of Canada reaffirmed a sector performer rating on shares of Glencore in a report on Thursday, August 8th. Morgan Stanley set a GBX 305 ($3.99) price target on Glencore and gave the company a buy rating in a report on Monday, August 19th. Finally, Macquarie cut their price target on Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 297.75 ($3.89).

GLEN opened at GBX 225.50 ($2.95) on Tuesday. The business’s 50 day moving average is GBX 253.25 and its 200-day moving average is GBX 285.45. The stock has a market cap of $30.64 billion and a PE ratio of 36.37. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29. Glencore has a twelve month low of GBX 188.51 ($2.46) and a twelve month high of GBX 343.60 ($4.49).

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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