Glencore (LON:GLEN)‘s stock had its “overweight” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Wednesday.
A number of other brokerages have also recently issued reports on GLEN. Deutsche Bank upped their target price on Glencore from GBX 430 ($5.94) to GBX 450 ($6.22) and gave the stock a “buy” rating in a research report on Monday, January 15th. Liberum Capital reaffirmed a “sell” rating and set a GBX 300 ($4.14) target price on shares of Glencore in a research report on Monday, November 27th. UBS Group set a GBX 380 ($5.25) target price on Glencore and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 445 ($6.15) target price on shares of Glencore in a research report on Wednesday, November 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Glencore in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Glencore has an average rating of “Buy” and a consensus target price of GBX 419.42 ($5.79).
Shares of Glencore (LON GLEN) opened at GBX 393.75 ($5.44) on Wednesday. The stock has a market capitalization of $55,600.00 and a P/E ratio of 3,937.50. Glencore has a 12-month low of GBX 270 ($3.73) and a 12-month high of GBX 416.91 ($5.76).
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Glencore Company Profile
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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