Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 580 ($7.10) price target on shares of Glencore in a research report on Thursday, May 26th. The Goldman Sachs Group set a GBX 710 ($8.70) price target on Glencore in a research report on Wednesday, June 8th. Morgan Stanley reiterated an overweight rating on shares of Glencore in a research report on Wednesday, May 11th. JPMorgan Chase & Co. set a GBX 630 ($7.72) price target on Glencore in a research report on Monday, June 13th. Finally, Barclays boosted their price target on Glencore from GBX 730 ($8.94) to GBX 770 ($9.43) and gave the stock an overweight rating in a research report on Wednesday, May 25th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of GBX 609.09 ($7.46).
Glencore stock opened at GBX 442.80 ($5.42) on Monday. The stock has a market capitalization of £58.19 billion and a PE ratio of 14.61. Glencore has a 12 month low of GBX 290.96 ($3.56) and a 12 month high of GBX 548.30 ($6.72). The business has a 50 day simple moving average of GBX 495.29 and a 200-day simple moving average of GBX 453.53. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.17 and a quick ratio of 0.32.
Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.
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