JPMorgan Chase & Co. Reiterates “Neutral” Rating for Glencore (GLEN)

Glencore (LON:GLEN)‘s stock had its “neutral” rating restated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Digital Look reports.

Several other equities research analysts have also recently issued reports on GLEN. Deutsche Bank restated a “buy” rating and set a GBX 390 ($5.10) price objective on shares of Glencore in a research report on Monday, February 4th. Goldman Sachs Group set a GBX 350 ($4.57) price target on shares of Glencore and gave the company a “buy” rating in a research report on Tuesday, February 12th. Royal Bank of Canada set a GBX 360 ($4.70) target price on shares of Glencore and gave the stock a “buy” rating in a report on Friday, February 1st. HSBC dropped their target price on shares of Glencore from GBX 450 ($5.88) to GBX 410 ($5.36) and set a “buy” rating for the company in a report on Monday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Glencore from GBX 390 ($5.10) to GBX 370 ($4.83) and set an “overweight” rating for the company in a report on Wednesday, February 13th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Glencore currently has an average rating of “Buy” and an average price target of GBX 355.88 ($4.65).

GLEN traded up GBX 1.35 ($0.02) during midday trading on Wednesday, hitting GBX 278.35 ($3.64). 29,253,831 shares of the company traded hands, compared to its average volume of 46,120,000. The company has a quick ratio of 0.38, a current ratio of 1.10 and a debt-to-equity ratio of 77.26. The company has a market cap of $38.00 billion and a price-to-earnings ratio of 11.60. Glencore has a 52-week low of GBX 268.35 ($3.51) and a 52-week high of GBX 409.80 ($5.35).

Glencore Company Profile

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.

Featured Story: What is Elliott Wave theory?

Analyst Recommendations for Glencore (LON:GLEN)

Receive News & Ratings for Glencore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glencore and related companies with's FREE daily email newsletter.

Leave a Reply