Deutsche Bank reiterated their buy rating on shares of Glencore (LON:GLEN) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently commented on GLEN. Jefferies Financial Group set a GBX 385 ($5.03) price objective on shares of Glencore and gave the company a buy rating in a research report on Wednesday, May 1st. Goldman Sachs Group set a GBX 240 ($3.14) price objective on shares of Glencore and gave the company a sell rating in a research report on Wednesday. UBS Group set a GBX 280 ($3.66) price objective on shares of Glencore and gave the company a neutral rating in a research report on Wednesday. Royal Bank of Canada set a GBX 310 ($4.05) price objective on shares of Glencore and gave the company a neutral rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. set a GBX 340 ($4.44) price objective on shares of Glencore and gave the company a neutral rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 334.94 ($4.38).
GLEN stock traded down GBX 12.20 ($0.16) during trading on Thursday, hitting GBX 242.25 ($3.17). 65,866,893 shares of the stock traded hands, compared to its average volume of 46,120,000. Glencore has a 1 year low of GBX 249.75 ($3.26) and a 1 year high of GBX 343.60 ($4.49). The stock has a 50 day simple moving average of GBX 272.49. The stock has a market capitalization of $33.00 billion and a PE ratio of 10.09. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26.
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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