Jefferies Financial Group Reaffirms “Buy” Rating for Glencore (LON:GLEN)

Glencore (LON:GLEN)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued on Monday,Digital Look reports. They currently have a GBX 700 price objective on the natural resources company’s stock. Jefferies Financial Group’s price target points to a potential upside of 37.04% from the stock’s current price.

GLEN has been the subject of a number of other research reports. Citigroup raised their price objective on Glencore from GBX 6,700 to GBX 7,700 and gave the company a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. lifted their price target on shares of Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 780 price target on shares of Glencore in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 600 price objective on shares of Glencore in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,786.67.

Glencore Trading Down 0.8%

LON GLEN opened at GBX 510.80 on Monday. The company’s fifty day simple moving average is GBX 564.94 and its 200-day simple moving average is GBX 520.84. The stock has a market cap of £59.84 billion, a P/E ratio of 170.27, a PEG ratio of 0.43 and a beta of 0.51. Glencore has a 52 week low of GBX 275.20 and a 52 week high of GBX 707.20. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 106.72.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.