Jefferies Financial Group Analysts Give Glencore (LON:GLEN) a GBX 650 Price Target

Jefferies Financial Group set a GBX 650 ($7.96) price objective on Glencore (LON:GLENGet Rating) in a research report released on Monday morning, Borsen Zeitung reports.

GLEN has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on Glencore from GBX 630 ($7.72) to GBX 650 ($7.96) and gave the company a top pick rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a GBX 580 ($7.10) target price on shares of Glencore in a research report on Thursday, May 26th. The Goldman Sachs Group set a GBX 710 ($8.70) target price on Glencore in a research report on Wednesday, June 8th. Royal Bank of Canada set a GBX 550 ($6.74) target price on Glencore in a research report on Monday. Finally, Morgan Stanley reissued an overweight rating on shares of Glencore in a research report on Wednesday, May 11th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Glencore has a consensus rating of Buy and an average target price of GBX 609.09 ($7.46).

GLEN opened at GBX 442.80 ($5.42) on Monday. Glencore has a one year low of GBX 290.96 ($3.56) and a one year high of GBX 548.30 ($6.72). The company has a market cap of £58.19 billion and a P/E ratio of 14.61. The company has a debt-to-equity ratio of 94.11, a quick ratio of 0.32 and a current ratio of 1.17. The business’s 50-day simple moving average is GBX 495.29 and its 200-day simple moving average is GBX 453.53.

Glencore Company Profile (Get Rating)

Glencore plc produces, refines, processes, stores, transports, and markets metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments, Marketing Activities and Industrial Activities. The company produces and markets copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, alumina, aluminum, tin, and iron ore.

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Analyst Recommendations for Glencore (LON:GLEN)

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