Glencore (LON:GLEN)‘s stock had its “neutral” rating restated by equities researchers at UBS Group in a research note issued to investors on Thursday, Borsen Zeitung reports. They presently have a GBX 280 ($3.66) price objective on the natural resources company’s stock. UBS Group’s target price indicates a potential upside of 21.29% from the stock’s current price.
A number of other equities research analysts also recently commented on the company. Royal Bank of Canada reissued a “sector performer” rating on shares of Glencore in a report on Thursday. Deutsche Bank restated a “buy” rating on shares of Glencore in a research report on Thursday, August 1st. Societe Generale cut Glencore to a “hold” rating and dropped their price target for the company from GBX 330 ($4.31) to GBX 295 ($3.85) in a research report on Tuesday, July 9th. Liberum Capital restated a “hold” rating on shares of Glencore in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. set a GBX 330 ($4.31) price target on Glencore and gave the company a “neutral” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 313.06 ($4.09).
Glencore stock traded down GBX 0.30 ($0.00) during midday trading on Thursday, reaching GBX 230.85 ($3.02). The company’s stock had a trading volume of 22,478,163 shares, compared to its average volume of 46,120,000. Glencore has a fifty-two week low of GBX 220.36 ($2.88) and a fifty-two week high of GBX 343.60 ($4.49). The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 86.25. The company’s 50 day simple moving average is GBX 263.50. The company has a market capitalization of $31.42 billion and a price-to-earnings ratio of 33.46.
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.
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