Glencore (LON:GLEN) had its target price boosted by Jefferies Financial Group from GBX 180 ($2.22) to GBX 190 ($2.34) in a research report released on Wednesday morning, Stock Target Advisor reports. Jefferies Financial Group currently has a hold rating on the natural resources company’s stock.
GLEN has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an underweight rating on shares of Glencore in a research report on Monday, June 22nd. Societe Generale reduced their price objective on Glencore from GBX 260 ($3.20) to GBX 200 ($2.46) and set a buy rating for the company in a research report on Thursday, April 23rd. Credit Suisse Group boosted their price target on Glencore from GBX 170 ($2.09) to GBX 180 ($2.22) and gave the stock a neutral rating in a research report on Monday, July 6th. UBS Group reaffirmed a buy rating on shares of Glencore in a research report on Wednesday, April 1st. Finally, Barclays reaffirmed an overweight rating on shares of Glencore in a research report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 232.33 ($2.86).
GLEN opened at GBX 175.38 ($2.16) on Wednesday. The stock has a market cap of $23.12 billion and a price-to-earnings ratio of -58.46. Glencore has a 1 year low of GBX 1.41 ($0.02) and a 1 year high of GBX 2,334.50 ($28.73). The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 94.48. The stock has a fifty day moving average price of GBX 166.68 and a 200 day moving average price of GBX 180.18.
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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