Glencore (LON:GLEN – Get Free Report)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research report issued on Friday, Digital Look reports. They currently have a GBX 780 target price on the natural resources company’s stock. Berenberg Bank‘s target price suggests a potential upside of 48.85% from the stock’s current price.
A number of other equities analysts have also commented on GLEN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 630 price objective on shares of Glencore in a research note on Monday, October 5th. Citigroup raised their target price on Glencore from GBX 770 to GBX 780 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 600 price target on shares of Glencore in a report on Monday, July 27th. JPMorgan Chase & Co. cut their price target on Glencore from GBX 520 to GBX 510 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 700 price target on shares of Glencore in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 666.67.
Read Our Latest Stock Analysis on GLEN
Glencore Trading Down 1.8%
GLEN stock opened at GBX 524 on Friday. The business has a fifty day moving average price of GBX 573.85 and a 200 day moving average price of GBX 547.74. Glencore has a fifty-two week low of GBX 332.20 and a fifty-two week high of GBX 633.90. The stock has a market capitalization of £61.44 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.43 and a beta of 0.51. The company has a debt-to-equity ratio of 108.47, a current ratio of 1.06 and a quick ratio of 0.32.
Glencore Company Profile
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.
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