Glencore (LON:GLEN) has been assigned a GBX 570 ($8.00) price objective by JPMorgan Chase & Co. in a note issued to investors on Monday. The firm currently has a “buy” rating on the natural resources company’s stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 48.79% from the stock’s previous close.
A number of other research firms have also commented on GLEN. Liberum Capital reaffirmed a “sell” rating and set a GBX 300 ($4.21) target price on shares of Glencore in a report on Thursday, January 11th. Deutsche Bank lifted their target price on shares of Glencore from GBX 430 ($6.04) to GBX 450 ($6.32) and gave the stock a “buy” rating in a report on Monday, January 15th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 445 ($6.25) target price on shares of Glencore in a report on Monday, January 22nd. UBS Group set a GBX 380 ($5.34) target price on shares of Glencore and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada set a GBX 450 ($6.32) target price on shares of Glencore and gave the stock a “buy” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company. Glencore has a consensus rating of “Buy” and a consensus price target of GBX 406.86 ($5.71).
Shares of Glencore (GLEN) opened at GBX 383.10 ($5.38) on Monday. Glencore has a fifty-two week low of GBX 270 ($3.79) and a fifty-two week high of GBX 416.91 ($5.85). The company has a market cap of $55,080.00 and a price-to-earnings ratio of 3,831.00.
Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.
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