Glencore (LON:GLEN) Given a GBX 340 Price Target by JPMorgan Chase & Co. Analysts

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Glencore (LON:GLEN) has been given a GBX 340 ($4.44) price target by investment analysts at JPMorgan Chase & Co. in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.68% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays reiterated an “underweight” rating on shares of in a report on Thursday, July 4th. UBS Group set a $13.00 price target on shares of Freeport-McMoRan and gave the company a “hold” rating in a report on Wednesday, June 26th. Deutsche Bank set a $28.00 price target on shares of Colfax and gave the company a “hold” rating in a report on Wednesday. HSBC assumed coverage on shares of Tullow Oil in a report on Tuesday, May 28th. They set a “hold” rating for the company. Finally, Goldman Sachs Group set a €14.15 ($16.45) price target on shares of Assicurazioni Generali and gave the company a “sell” rating in a report on Thursday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Glencore has a consensus rating of “Buy” and an average target price of GBX 340.88 ($4.45).

LON:GLEN opened at GBX 266.30 ($3.48) on Friday. The firm’s fifty day moving average price is GBX 268.41. Glencore has a 52 week low of GBX 249.75 ($3.26) and a 52 week high of GBX 343.60 ($4.49). The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 77.26. The company has a market cap of $36.39 billion and a price-to-earnings ratio of 11.10.

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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