Glencore (GLEN) Rating Reiterated by JPMorgan Chase & Co.

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

A number of other equities analysts also recently commented on GLEN. Deutsche Bank restated a “buy” rating and set a GBX 370 ($4.83) price objective on shares of Glencore in a research report on Monday. Royal Bank of Canada downgraded shares of Glencore to a “sector performer” rating and cut their price objective for the stock from GBX 350 ($4.57) to GBX 330 ($4.31) in a research report on Wednesday, April 10th. Credit Suisse Group upped their price objective on shares of Glencore from GBX 400 ($5.23) to GBX 420 ($5.49) and gave the stock an “outperform” rating in a research report on Tuesday. Barclays cut their price objective on shares of Glencore from GBX 370 ($4.83) to GBX 360 ($4.70) and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group set a GBX 385 ($5.03) price objective on shares of Glencore and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 355.88 ($4.65).

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

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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