UBS Group Analysts Give Glencore (LON:GLEN) a GBX 280 Price Target

UBS Group set a GBX 280 ($3.66) price objective on Glencore (LON:GLEN) in a report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the natural resources company’s stock.

A number of other research firms have also recently commented on GLEN. Morgan Stanley reaffirmed an overweight rating and set a GBX 380 ($4.97) price target on shares of Glencore in a research note on Wednesday, May 8th. HSBC set a GBX 360 ($4.70) price target on shares of Glencore and gave the stock a buy rating in a research note on Monday, July 15th. Liberum Capital reaffirmed a hold rating on shares of Glencore in a research note on Wednesday, July 3rd. Barclays dropped their price target on shares of Glencore from GBX 360 ($4.70) to GBX 340 ($4.44) and set an overweight rating for the company in a research note on Thursday, July 4th. Finally, Societe Generale cut shares of Glencore to a hold rating and dropped their price target for the stock from GBX 330 ($4.31) to GBX 295 ($3.85) in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 334.94 ($4.38).

GLEN stock opened at GBX 242.25 ($3.17) on Wednesday. Glencore has a 12 month low of GBX 249.75 ($3.26) and a 12 month high of GBX 343.60 ($4.49). The company has a debt-to-equity ratio of 77.26, a quick ratio of 0.38 and a current ratio of 1.10. The business’s 50-day moving average price is GBX 271.87. The stock has a market cap of $33.00 billion and a PE ratio of 10.09.

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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