Goldman Sachs Group set a GBX 240 ($3.14) target price on Glencore (LON:GLEN) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the natural resources company’s stock.
A number of other equities research analysts have also commented on the stock. Deutsche Bank set a GBX 300 ($3.92) price objective on shares of Glencore and gave the stock a buy rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. set a GBX 340 ($4.44) price objective on shares of Glencore and gave the stock a neutral rating in a report on Friday, July 12th. Barclays decreased their price objective on shares of Glencore from GBX 360 ($4.70) to GBX 340 ($4.44) and set an overweight rating on the stock in a report on Thursday, July 4th. Jefferies Financial Group set a GBX 385 ($5.03) price objective on shares of Glencore and gave the stock a buy rating in a report on Wednesday, May 1st. Finally, UBS Group reissued a neutral rating and set a GBX 280 ($3.66) price objective (down previously from GBX 300 ($3.92)) on shares of Glencore in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 334.94 ($4.38).
Shares of LON:GLEN opened at GBX 242.25 ($3.17) on Wednesday. Glencore has a 12 month low of GBX 249.75 ($3.26) and a 12 month high of GBX 343.60 ($4.49). The stock’s 50-day moving average is GBX 271.87. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26. The company has a market cap of $33.00 billion and a price-to-earnings ratio of 10.09.
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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