Glencore (LON:GLEN) Lowered to Hold at Societe Generale

Societe Generale cut shares of Glencore (LON:GLEN) to a hold rating in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports. Societe Generale currently has GBX 295 ($3.85) price target on the natural resources company’s stock, down from their prior price target of GBX 330 ($4.31).

A number of other equities analysts have also recently issued reports on GLEN. Jefferies Financial Group increased their target price on EXACT Sciences from $100.00 to $115.00 and gave the stock a buy rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a report on Friday, July 5th. Goldman Sachs Group set a €14.15 ($16.45) target price on Assicurazioni Generali and gave the stock a sell rating in a report on Thursday, May 2nd. Royal Bank of Canada reiterated an average rating and issued a $48.00 target price on shares of in a report on Thursday, June 27th. Finally, Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Glencore has an average rating of Buy and an average target price of GBX 340.88 ($4.45).

Shares of GLEN opened at GBX 266.30 ($3.48) on Tuesday. Glencore has a 12-month low of GBX 249.75 ($3.26) and a 12-month high of GBX 343.60 ($4.49). The stock has a fifty day moving average price of 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. The company has a market cap of $36.39 billion and a PE ratio of 11.10.

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.

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