UBS Group reissued their neutral rating on shares of Glencore (LON:GLEN) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports. UBS Group currently has a GBX 250 ($3.27) price target on the natural resources company’s stock, up from their prior price target of GBX 240 ($3.14).
Several other research firms have also recently weighed in on GLEN. Independent Research set a GBX 250 ($3.27) price objective on shares of Glencore and gave the company a neutral rating in a research report on Tuesday, August 27th. HSBC set a GBX 285 ($3.72) target price on shares of Glencore and gave the stock a buy rating in a research note on Tuesday, October 15th. Jefferies Financial Group reduced their target price on shares of Glencore from GBX 320 ($4.18) to GBX 300 ($3.92) and set a buy rating on the stock in a research report on Friday, October 11th. Macquarie decreased their price target on shares of Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating on the stock in a research note on Monday, August 12th. Finally, Goldman Sachs Group reissued a neutral rating and issued a GBX 242 ($3.16) price target (down previously from GBX 245 ($3.20)) on shares of Glencore in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 282.31 ($3.69).
Glencore stock opened at GBX 220.15 ($2.88) on Wednesday. The stock has a 50-day simple moving average of GBX 240.94 and a 200 day simple moving average of GBX 251.15. The stock has a market capitalization of $29.30 billion and a price-to-earnings ratio of 35.51. The company has a quick ratio of 0.39, a current ratio of 1.05 and a debt-to-equity ratio of 86.29. Glencore has a 12-month low of GBX 188.23 ($2.46) and a 12-month high of GBX 2,334.50 ($30.50).
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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