Goldman Sachs Group set a GBX 220 ($2.87) price target on Glencore (LON:GLEN) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the natural resources company’s stock.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. cut Glencore to an underweight rating and lowered their target price for the company from GBX 330 ($4.31) to GBX 260 ($3.40) in a report on Thursday, August 15th. Credit Suisse Group set a GBX 300 ($3.92) target price on Glencore and gave the company a buy rating in a report on Friday, August 16th. Bank of America set a GBX 250 ($3.27) target price on Glencore and gave the company a neutral rating in a report on Friday, August 16th. UBS Group restated a neutral rating and set a GBX 280 ($3.66) target price on shares of Glencore in a report on Thursday, August 8th. Finally, Societe Generale cut Glencore to a hold rating and lowered their target price for the company from GBX 330 ($4.31) to GBX 295 ($3.85) in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 297.75 ($3.89).
Shares of Glencore stock opened at GBX 232.30 ($3.04) on Tuesday. The business has a 50-day moving average of GBX 254.19 and a 200 day moving average of GBX 285.85. Glencore has a 12 month low of GBX 188.51 ($2.46) and a 12 month high of GBX 343.60 ($4.49). The stock has a market capitalization of $31.11 billion and a price-to-earnings ratio of 37.47. The company has a debt-to-equity ratio of 86.29, a current ratio of 1.05 and a quick ratio of 0.39.
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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