JPMorgan Chase & Co. reiterated their overweight rating on shares of Glencore (LON:GLEN) in a research report released on Thursday morning. JPMorgan Chase & Co. currently has a GBX 470 ($6.37) target price on the natural resources company’s stock.
GLEN has been the subject of several other research reports. Deutsche Bank restated a buy rating on shares of Glencore in a research report on Wednesday, November 1st. Liberum Capital cut shares of Glencore to a sell rating and raised their price objective for the company from GBX 285 ($3.86) to GBX 300 ($4.07) in a research report on Thursday, October 26th. Jefferies Group reiterated a buy rating and set a GBX 450 ($6.10) price target on shares of Glencore in a research report on Wednesday, November 1st. Morgan Stanley set a GBX 347 ($4.71) price target on shares of Glencore and gave the stock a neutral rating in a research report on Tuesday, September 26th. Finally, UBS Group set a GBX 370 ($5.02) price target on shares of Glencore and gave the stock a neutral rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 399.48 ($5.42).
Glencore (GLEN) traded down GBX 2.30 ($0.03) on Thursday, reaching GBX 404.85 ($5.49). 4,468,481 shares of the company’s stock traded hands, compared to its average volume of 32,730,000. The firm has a market cap of $58,710.00 and a PE ratio of 3,680.45. Glencore has a 52-week low of GBX 270 ($3.66) and a 52-week high of GBX 413 ($5.60).
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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