Glencore (LON:GLEN) had its price target increased by investment analysts at Credit Suisse Group from GBX 275 ($3.59) to GBX 310 ($4.05) in a report released on Monday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the natural resources company’s stock. Credit Suisse Group’s price target suggests a potential upside of 31.55% from the company’s current price.
A number of other research firms have also issued reports on GLEN. Independent Research set a GBX 250 ($3.27) price objective on Glencore and gave the company a “neutral” rating in a research report on Tuesday, August 27th. UBS Group reiterated a “neutral” rating on shares of Glencore in a research note on Thursday, November 28th. Macquarie reduced their price target 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. Morgan Stanley set a GBX 298 ($3.89) price target on shares of Glencore and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, HSBC set a GBX 285 ($3.72) price objective on shares of Glencore and gave the stock a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Glencore presently has an average rating of “Hold” and an average price target of GBX 284.94 ($3.72).
LON:GLEN opened at GBX 235.65 ($3.08) on Monday. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29. The stock has a 50 day moving average of GBX 241.33 and a 200-day moving average of GBX 251.94. The firm has a market capitalization of $31.49 billion and a PE ratio of 38.01. Glencore has a 52 week low of GBX 188.23 ($2.46) and a 52 week 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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