Glencore (LON:GLEN)‘s stock had its “neutral” rating reiterated by equities researchers at UBS Group in a report released on Wednesday, June 26th, Borsen Zeitung reports. They currently have a GBX 280 ($3.66) price objective on the natural resources company’s stock, down from their previous price objective of GBX 300 ($3.92). UBS Group’s target price suggests a potential upside of 3.84% from the company’s current price.
Several other equities research analysts have also issued reports on GLEN. Morgan Stanley restated an “overweight” rating and issued a GBX 2,280 ($29.79) target price on shares of Anglo American in a report on Wednesday, May 8th. Deutsche Bank upgraded shares of RDS-A from a “hold” rating to a “buy” rating in a report on Monday, May 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Anglo American in a report on Wednesday, May 15th. Goldman Sachs Group set a €14.15 ($16.45) price objective on shares of Assicurazioni Generali and gave the company a “sell” rating in a report on Thursday, May 2nd. Finally, Barclays reiterated a “sell” rating and set a $17.00 price objective on shares of Infineon Technologies in a report on Wednesday, May 8th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 339.31 ($4.43).
GLEN stock traded down GBX 1.25 ($0.02) during trading on Wednesday, hitting GBX 269.65 ($3.52). 22,488,042 shares of the company’s stock traded hands, compared to its average volume of 46,120,000. Glencore has a 52 week low of GBX 249.75 ($3.26) and a 52 week high of GBX 343.60 ($4.49). The company has a debt-to-equity ratio of 77.26, a current ratio of 1.10 and a quick ratio of 0.38. The firm has a fifty day simple moving average of GBX 269.23. The firm has a market capitalization of $36.81 billion and a PE ratio of 11.24.
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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