Glencore's (GLEN) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

Key Points

• Glencore maintains its "neutral" rating from JPMorgan Chase & Co., with a target price of GBX 400, indicating a potential 15.66% upside from its previous close.
• Other analysts have mixed views, with Berenberg Bank downgrading the stock to "hold" at a price target of GBX 350, while Citigroup and Deutsche Bank set higher targets of GBX 380.
• Currently, Glencore's stock is trading at GBX 345.85, down GBX 11.30 during trading hours, with a market capitalization of £40.86 billion.

Glencore (LON:GLEN - Get Free Report)'s stock had its "neutral" rating reaffirmed by JPMorgan Chase & Co. in a report released on Friday,Digital Look reports. They presently have a GBX 400 target price on the natural resources company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 15.66% from the stock's previous close.

Several other equities analysts have also recently commented on GLEN. Berenberg Bank cut shares of Glencore to a "hold" rating and set a GBX 350 target price for the company. in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Glencore from GBX 400 to GBX 380 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Citigroup boosted their price target on shares of Glencore from GBX 370 to GBX 380 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 price target on shares of Glencore in a report on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 388.33.

Glencore Stock Performance

LON:GLEN traded down GBX 11.30 during trading hours on Friday, hitting GBX 345.85. 34,456,285 shares of the company traded hands, compared to its average volume of 46,116,207. The stock has a market capitalization of £40.86 billion, a price-to-earnings ratio of -2,161.56, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a twelve month low of GBX 205 and a twelve month high of GBX 426.60. The firm has a 50-day moving average of GBX 308.38 and a 200 day moving average of GBX 289.36. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 77.14.

Glencore Company Profile

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.

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