Glencore (LON:GLEN – Get Rating) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from GBX 630 ($7.73) to GBX 640 ($7.85) in a research note issued on Monday, Marketbeat.com reports. The firm currently has an “overweight” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 45.92% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 580 ($7.12) target price on shares of Glencore in a report on Thursday, May 26th. UBS Group set a GBX 560 ($6.87) target price on shares of Glencore in a research report on Monday, June 20th. Morgan Stanley set a GBX 740 ($9.08) price target on shares of Glencore in a research note on Thursday, June 23rd. The Goldman Sachs Group set a GBX 745 ($9.14) target price on shares of Glencore in a research note on Tuesday, June 21st. Finally, Deutsche Bank Rese… set a GBX 560 ($6.87) target price on shares of Glencore in a research note on Wednesday, June 29th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 604.17 ($7.41).
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Glencore stock opened at GBX 438.60 ($5.38) on Monday. The company has a market cap of £57.51 billion and a P/E ratio of 14.46. The firm’s 50-day moving average is GBX 487.63 and its 200-day moving average is GBX 458.23. Glencore has a 1 year low of GBX 290.96 ($3.57) and a 1 year high of GBX 548.30 ($6.73). The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17.
Glencore Company Profile (Get Rating)
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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Source: marketbeat.com