UBS Group reiterated their neutral rating on shares of Glencore (LON:GLEN) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a GBX 250 ($3.27) price target on the natural resources company’s stock, up from their previous price target of GBX 240 ($3.14).
A number of other equities research analysts have also recently issued reports on GLEN. Morgan Stanley set a GBX 298 ($3.89) target price on shares of Glencore and gave the company a buy rating in a report on Tuesday, September 24th. Credit Suisse Group boosted their price objective on Glencore from GBX 275 ($3.59) to GBX 310 ($4.05) and gave the company an outperform rating in a research note on Monday. JPMorgan Chase & Co. dropped their price objective on Glencore from GBX 270 ($3.53) to GBX 250 ($3.27) and set an underweight rating on the stock in a report on Wednesday, November 6th. HSBC set a GBX 285 ($3.72) target price on Glencore and gave the stock a buy rating in a research note on Tuesday, October 15th. Finally, Barclays restated an overweight rating on shares of Glencore in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 283.25 ($3.70).
Shares of GLEN stock traded down GBX 21.45 ($0.28) during trading on Wednesday, reaching GBX 216.90 ($2.83). 87,434,140 shares of the company’s stock traded hands, compared to its average volume of 46,120,000. The firm’s 50-day moving average is GBX 241.48 and its 200 day moving average is GBX 251.73. The company has a market capitalization of $31.70 billion and a P/E ratio of 34.98. Glencore has a 1 year low of GBX 188.23 ($2.46) and a 1 year high of GBX 2,334.50 ($30.50). The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29.
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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