Glencore (LON:GLEN) Given New GBX 560 Price Target at JPMorgan Chase & Co.

Glencore (LON:GLEN) had its price target increased by research analysts at JPMorgan Chase & Co. from GBX 500 to GBX 560 in a report released on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.99% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Citigroup boosted their price target on shares of Glencore from GBX 620 to GBX 670 and gave the company a “buy” rating in a report on Monday, April 13th. Royal Bank Of Canada boosted their price target on shares of Glencore from GBX 530 to GBX 540 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 630 price target on shares of Glencore in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 556.

Glencore Stock Performance

Glencore stock opened at GBX 583.30 on Tuesday. The company has a market cap of £68.34 billion, a PE ratio of 194.43, a P/E/G ratio of 0.43 and a beta of 0.53. The company has a fifty day moving average price of GBX 555.26 and a two-hundred day moving average price of GBX 480.41. The company has a debt-to-equity ratio of 109.99, a current ratio of 1.06 and a quick ratio of 0.32. Glencore has a 12 month low of GBX 270.25 and a 12 month high of GBX 598.

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.