Glencore (LON:GLEN) had its price target trimmed by Barclays from GBX 340 ($4.44) to GBX 330 ($4.31) in a report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has an overweight rating on the natural resources company’s stock.
Other analysts also recently issued research reports about the stock. Macquarie cut their price target on shares of Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a report on Monday. Deutsche Bank set a GBX 280 ($3.66) price target on shares of Glencore and gave the stock a buy rating in a report on Thursday, August 8th. Credit Suisse Group set a GBX 390 ($5.10) price target on shares of Glencore and gave the stock a buy rating in a report on Monday, August 5th. Liberum Capital reaffirmed a hold rating on shares of Glencore in a report on Wednesday, July 3rd. Finally, Royal Bank of Canada reaffirmed a sector performer rating on shares of Glencore in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Glencore has a consensus rating of Hold and a consensus price target of GBX 308.06 ($4.03).
Shares of Glencore stock opened at GBX 222.15 ($2.90) on Tuesday. The company has a 50 day moving average of GBX 260.60 and a 200-day moving average of GBX 288.24. Glencore has a 1-year low of GBX 220.36 ($2.88) and a 1-year high of GBX 343.60 ($4.49). The company has a current ratio of 1.05, a quick ratio of 0.53 and a debt-to-equity ratio of 86.25. The company has a market cap of $30.23 billion and a PE ratio of 32.20.
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.
Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with MarketBeat.com's FREE daily email newsletter.