Glencore (LON:GLEN) had its target price trimmed by JPMorgan Chase & Co. from GBX 270 ($3.53) to GBX 250 ($3.27) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the natural resources company’s stock.
A number of other brokerages have also recently issued reports on GLEN. Macquarie decreased their price objective on shares of Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a report on Monday, August 12th. Bank of America reiterated a neutral rating on shares of Glencore in a report on Tuesday, October 8th. Goldman Sachs Group set a GBX 210 ($2.74) price objective on shares of Glencore and gave the stock a neutral rating in a report on Friday, October 25th. Independent Research set a GBX 250 ($3.27) price objective on shares of Glencore and gave the stock a neutral rating in a report on Tuesday, August 27th. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 270 ($3.53) price objective on shares of Glencore in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 284.19 ($3.71).
Shares of LON:GLEN opened at GBX 254.40 ($3.32) on Wednesday. The stock has a market capitalization of $34.26 billion and a PE ratio of 41.03. Glencore has a 1 year low of GBX 188.51 ($2.46) and a 1 year high of GBX 2,334.50 ($30.50). The firm has a fifty day moving average price of GBX 238.50 and a 200 day moving average price of GBX 260.24. 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 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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