A number of other research firms also recently commented on GLEN. Barclays boosted their price objective on Glencore from GBX 461 ($5.65) to GBX 770 ($9.43) and gave the stock an overweight rating in a research note on Monday. UBS Group set a GBX 560 ($6.86) price objective on Glencore in a research note on Monday. Royal Bank of Canada set a GBX 550 ($6.74) price objective on Glencore in a research note on Monday. Morgan Stanley reissued an overweight rating on shares of Glencore in a research note on Wednesday, May 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Glencore from GBX 650 ($7.96) to GBX 630 ($7.72) and set an overweight rating on the stock in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of GBX 609.09 ($7.46).
Shares of Glencore stock opened at GBX 442.80 ($5.42) on Tuesday. Glencore has a 1-year low of GBX 290.96 ($3.56) and a 1-year high of GBX 548.30 ($6.72). The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32. The business’s fifty day moving average price is GBX 495.29 and its two-hundred day moving average price is GBX 453.53. The company has a market capitalization of £58.19 billion and a P/E ratio of 14.61.
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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