Glencore (LON:GLEN)‘s stock had its “neutral” rating reaffirmed by UBS Group in a note issued to investors on Thursday, www.boersen-zeitung.de reports. They presently have a GBX 380 ($5.25) price target on the natural resources company’s stock. UBS Group’s price target points to a potential downside of 5.34% from the stock’s current price.
Several other equities analysts have also recently commented on GLEN. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 570 ($7.88) target price on shares of Glencore in a research report on Wednesday, February 21st. Morgan Stanley reissued an “equal weight” rating and set a GBX 390 ($5.39) target price on shares of Glencore in a research report on Wednesday, February 21st. Shore Capital reissued a “not rated” rating on shares of Glencore in a research report on Wednesday, February 21st. Royal Bank of Canada set a GBX 470 ($6.49) target price on shares of Glencore and gave the stock a “buy” rating in a research report on Thursday. Finally, Liberum Capital reissued a “sell” rating and set a GBX 300 ($4.14) target price on shares of Glencore in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. Glencore currently has an average rating of “Buy” and an average target price of GBX 419.45 ($5.80).
Glencore (LON GLEN) traded up GBX 5.20 ($0.07) during trading on Thursday, hitting GBX 401.45 ($5.55). 15,022,283 shares of the company’s stock traded hands, compared to its average volume of 38,000,000. Glencore has a 1 year low of GBX 270 ($3.73) and a 1 year high of GBX 416.91 ($5.76). The company has a market cap of $57,900.00 and a PE ratio of 1,384.31.
Glencore Company Profile
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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