Glencore (LON:GLEN) Earns Top Pick Rating from Citigroup

Citigroup reaffirmed their top pick rating on shares of Glencore (LON:GLEN) in a report issued on Thursday, Marketbeat.com reports.

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Glencore from GBX 530 ($6.69) to GBX 500 ($6.31) and set a “buy” rating for the company in a report on Monday, September 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 516.25 ($6.52).

Glencore Stock Down 1.8 %

GLEN stock opened at GBX 371.05 ($4.68) on Thursday. The company has a 50 day moving average of GBX 399.45 and a two-hundred day moving average of GBX 424.61. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 89.50. Glencore has a 12-month low of GBX 360.70 ($4.55) and a 12-month high of GBX 506.72 ($6.40). The company has a market cap of £45.12 billion, a price-to-earnings ratio of -12,368.33, a PEG ratio of 0.43 and a beta of 1.21.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.