Glencore (LON:GLEN) PT Set at GBX 300 by Credit Suisse Group

Credit Suisse Group set a GBX 300 ($3.92) price target on Glencore (LON:GLEN) in a report issued on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the natural resources company’s stock.

A number of other research analysts also recently weighed in on GLEN. Goldman Sachs Group set a GBX 230 ($3.01) price objective on shares of Glencore and gave the company a sell rating in a research report on Tuesday, August 6th. Barclays decreased their price target on shares of Glencore from GBX 340 ($4.44) to GBX 330 ($4.31) and set an overweight rating on the stock in a research report on Tuesday, August 13th. Macquarie reduced their price objective on shares of Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a research note on Monday, August 12th. Jefferies Financial Group set a GBX 275 ($3.59) price objective on shares of Glencore and gave the stock a buy rating in a research note on Thursday, August 8th. Finally, UBS Group reaffirmed a neutral rating and set a GBX 280 ($3.66) target price on shares of Glencore in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Glencore has a consensus rating of Hold and a consensus target price of GBX 298.38 ($3.90).

Shares of GLEN opened at GBX 232.95 ($3.04) on Friday. The stock has a market cap of $31.66 billion and a PE ratio of 37.57. The company has a debt-to-equity ratio of 86.29, a quick ratio of 0.39 and a current ratio of 1.05. Glencore has a fifty-two week low of GBX 188.51 ($2.46) and a fifty-two week high of GBX 343.60 ($4.49). The firm’s 50-day simple moving average is GBX 257.05 and its two-hundred day simple moving average is GBX 287.01.

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.

Further Reading: Economic Bubble

Analyst Recommendations for Glencore (LON:GLEN)

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.