Glencore (LON:GLEN) PT Set at GBX 340 by JPMorgan Chase & Co.

Glencore (LON:GLEN) received a GBX 340 ($4.44) target price from analysts at JPMorgan Chase & Co. in a research note issued on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the natural resources company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 27.68% from the stock’s previous close.

Several other analysts have also commented on GLEN. UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Credit Suisse Group set a $180.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Goldman Sachs Group set a €14.15 ($16.45) price objective on shares of Assicurazioni Generali and gave the stock a “sell” rating in a research report on Thursday, May 2nd. Jefferies Financial Group boosted their price target on shares of EXACT Sciences from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 810 ($10.58) price target on shares of in a research report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 340.88 ($4.45).

Glencore stock opened at GBX 266.30 ($3.48) on Friday. Glencore has a fifty-two week low of GBX 249.75 ($3.26) and a fifty-two week high of GBX 343.60 ($4.49). The stock has a market capitalization of $36.39 billion and a PE ratio of 11.10. The stock’s 50-day moving average price is GBX 268.41. The company has a current ratio of 1.10, a quick ratio of 0.38 and a debt-to-equity ratio of 77.26.

About Glencore

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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Analyst Recommendations for Glencore (LON:GLEN)

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