Goldman Sachs Group Reiterates GBX 240 Price Target for Glencore (LON:GLEN)

Goldman Sachs Group set a GBX 240 ($3.14) price target on Glencore (LON:GLEN) in a report released on Friday morning, Borsen Zeitung reports. The firm currently has a sell rating on the natural resources company’s stock.

GLEN has been the topic of several other reports. Barclays reiterated an underweight rating on shares of in a research note on Thursday, July 4th. Royal Bank of Canada reiterated an average rating and issued a $48.00 price objective on shares of in a research note on Thursday, June 27th. Societe Generale assumed coverage on PPG Industries in a research report on Tuesday, July 9th. They set a buy rating and a $138.00 price target on the stock. Liberum Capital restated a buy rating and set a GBX 810 ($10.58) price target on shares of in a research report on Wednesday, July 3rd. Finally, Credit Suisse Group set a $180.00 price target on Accenture and gave the stock a hold rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 334.94 ($4.38).

GLEN stock opened at GBX 272.25 ($3.56) on Friday. Glencore has a 1-year low of GBX 249.75 ($3.26) and a 1-year high of GBX 343.60 ($4.49). The company has a market cap of $37.17 billion and a price-to-earnings ratio of 11.34. The firm has a 50 day moving average of GBX 269.70. The company has a debt-to-equity ratio of 77.26, a quick ratio of 0.38 and a current ratio of 1.10.

Glencore Company Profile

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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