HSBC set a GBX 360 ($4.70) price objective on Glencore (LON:GLEN) in a report issued on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the natural resources company’s stock.
A number of other research firms have also recently issued reports on GLEN. Jefferies Financial Group upped their price objective on shares of EXACT Sciences from $100.00 to $115.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Deutsche Bank set a $28.00 price objective on shares of Colfax and gave the stock a hold rating in a research report on Wednesday, July 10th. Liberum Capital restated a buy rating and issued a GBX 810 ($10.58) price target on shares of in a research report on Wednesday, July 3rd. Goldman Sachs Group set a €14.15 ($16.45) price target on shares of Assicurazioni Generali and gave the company a sell rating in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada restated an average rating and issued a $48.00 price target on shares of in a research report on Thursday, June 27th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 339.31 ($4.43).
Shares of Glencore stock opened at GBX 270.05 ($3.53) on Monday. The company has a fifty day simple moving average of GBX 269.45. The firm has a market cap of $36.87 billion and a price-to-earnings ratio of 11.25. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26. Glencore has a 52 week low of GBX 249.75 ($3.26) and a 52 week high of GBX 343.60 ($4.49).
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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