Morgan Stanley set a GBX 305 ($3.99) target price on Glencore (LON:GLEN) in a report published on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the natural resources company’s stock.
GLEN has been the subject of several other reports. Liberum Capital reiterated a hold rating on shares of Glencore in a report on Wednesday, July 3rd. Credit Suisse Group set a GBX 300 ($3.92) price target on Glencore and gave the company a buy rating in a report on Friday, August 16th. Bank of America set a GBX 250 ($3.27) price target on Glencore and gave the company a neutral rating in a report on Friday, August 16th. Goldman Sachs Group set a GBX 230 ($3.01) price target on Glencore and gave the company a sell rating in a report on Tuesday, August 6th. Finally, Macquarie lowered their price target on Glencore from GBX 290 ($3.79) to GBX 260 ($3.40) and set a neutral rating for the company in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Glencore has an average rating of Hold and an average target price of GBX 297.75 ($3.89).
Shares of LON GLEN opened at GBX 232.45 ($3.04) on Monday. Glencore has a 12-month low of GBX 188.51 ($2.46) and a 12-month high of GBX 343.60 ($4.49). The company has a market cap of $31.59 billion and a P/E ratio of 37.49. The company has a current ratio of 1.05, a quick ratio of 0.39 and a debt-to-equity ratio of 86.29. The stock has a fifty day moving average price of GBX 255.15 and a 200 day moving average price of GBX 286.24.
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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