Glencore (LON:GLEN) PT Raised to GBX 650 at JPMorgan Chase & Co.

Glencore (LON:GLENGet Rating) had its target price increased by JPMorgan Chase & Co. from GBX 630 ($7.72) to GBX 650 ($7.96) in a research note published on Monday, Marketbeat Ratings reports. The firm currently has a top pick rating on the natural resources company’s stock.

GLEN has been the topic of several other research reports. The Goldman Sachs Group set a GBX 710 ($8.70) price objective on Glencore in a research note on Wednesday, June 8th. Royal Bank of Canada set a GBX 550 ($6.74) price objective on Glencore in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 580 ($7.10) price objective on shares of Glencore in a research note on Thursday, May 26th. Barclays increased their price target on Glencore from GBX 730 ($8.94) to GBX 770 ($9.43) and gave the stock an overweight rating in a research report on Wednesday, May 25th. Finally, Morgan Stanley reiterated an overweight rating on shares of Glencore in a research report on Wednesday, May 11th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of GBX 609.09 ($7.46).

Shares of LON GLEN opened at GBX 442.80 ($5.42) on Monday. The stock’s 50 day moving average price is GBX 495.29 and its two-hundred day moving average price is GBX 453.53. Glencore has a 52-week low of GBX 290.96 ($3.56) and a 52-week high of GBX 548.30 ($6.72). The stock has a market capitalization of £58.19 billion and a P/E ratio of 14.61. The company has a quick ratio of 0.32, a current ratio of 1.17 and a debt-to-equity ratio of 94.11.

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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