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

A number of other equities analysts have also issued reports on the company. Goldman Sachs Group set a €14.15 ($16.45) target price on Assicurazioni Generali and gave the company a sell rating in a research report on Thursday, May 2nd. Credit Suisse Group set a $180.00 target price on Accenture and gave the company a hold rating in a research report on Friday, June 28th. HSBC assumed coverage on Tullow Oil in a research report on Tuesday, May 28th. They issued a hold rating on the stock. Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,280 ($29.79) target price on shares of Anglo American in a research report on Wednesday, May 8th. Finally, Jefferies Financial Group upped their target price on EXACT Sciences from $100.00 to $115.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Glencore presently has an average rating of Buy and an average price target of GBX 340.88 ($4.45).

Shares of GLEN opened at GBX 268.70 ($3.51) on Tuesday. The firm has a 50 day simple moving average of GBX 268.28. Glencore has a 52-week low of GBX 249.75 ($3.26) and a 52-week high of GBX 343.60 ($4.49). The firm has a market cap of $37.01 billion and a price-to-earnings ratio of 11.20. The company has a debt-to-equity ratio of 77.26, a quick ratio of 0.38 and a current ratio of 1.10.

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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