Glencore (LON:GLEN) had its target price trimmed by Credit Suisse Group from GBX 310 ($4.08) to GBX 300 ($3.95) in a research report sent to investors on Thursday morning, Stock Target Advisor reports. The firm currently has an outperform rating on the natural resources company’s stock.
GLEN has been the topic of a number of other reports. Bank of America reissued a neutral rating on shares of Glencore in a research report on Tuesday, October 8th. HSBC reduced their price objective on shares of Glencore from GBX 280 ($3.68) to GBX 275 ($3.62) and set a buy rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. decreased their price objective on shares of Glencore from GBX 250 ($3.29) to GBX 230 ($3.03) and set an underweight rating for the company in a research report on Tuesday, December 17th. UBS Group upgraded shares of Glencore to a buy rating and boosted their target price for the stock from GBX 250 ($3.29) to GBX 270 ($3.55) in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group dropped their target price on Glencore from GBX 300 ($3.95) to GBX 285 ($3.75) and set a buy rating on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Glencore currently has a consensus rating of Buy and a consensus price target of GBX 272.31 ($3.58).
LON:GLEN traded up GBX 1.15 ($0.02) during mid-day trading on Thursday, hitting GBX 243.20 ($3.20). The stock had a trading volume of 20,244,508 shares, compared to its average volume of 46,120,000. Glencore has a twelve month low of GBX 188.23 ($2.48) and a twelve month high of GBX 2,334.50 ($30.71). The stock has a 50-day simple moving average of GBX 234.99 and a two-hundred day simple moving average of GBX 244.15. 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 company has a market capitalization of $32.48 billion and a PE ratio of 39.23.
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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