Glencore’s (GLEN) “Top Pick” Rating Reiterated at Citigroup

Citigroup restated their top pick rating on shares of Glencore (LON:GLEN) in a research report released on Thursday morning, MarketBeat reports.

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

Glencore Price Performance

Shares of LON:GLEN opened at GBX 371.05 ($4.68) on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.32 and a debt-to-equity ratio of 89.50. The firm’s 50 day moving average is GBX 399.45 and its two-hundred day moving average is GBX 424.61. The firm has a market capitalization of £45.12 billion, a P/E ratio of -12,368.33, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a 52 week low of GBX 360.70 ($4.55) and a 52 week high of GBX 506.72 ($6.40).

Glencore Company Profile

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.