Glencore (LON:GLEN - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 350 ($4.65) target price on the natural resources company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 17.06% from the company's current price.
A number of other analysts have also weighed in on the company. Berenberg Bank upped their price objective on Glencore from GBX 330 ($4.38) to GBX 350 ($4.65) and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 400 ($5.31) target price on shares of Glencore in a report on Thursday. Finally, Citigroup increased their target price on Glencore from GBX 350 ($4.65) to GBX 370 ($4.91) and gave the company a "buy" rating in a report on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 388 ($5.15).
Check Out Our Latest Stock Analysis on GLEN
Glencore Stock Down 0.1%
Shares of Glencore stock traded down GBX 0.33 ($0.00) during trading hours on Thursday, reaching GBX 299 ($3.97). 80,718,641 shares of the company were exchanged, compared to its average volume of 46,805,930. Glencore has a 1 year low of GBX 205 ($2.72) and a 1 year high of GBX 438.80 ($5.83). The stock's fifty day moving average is GBX 295.93 and its 200 day moving average is GBX 298.54. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.32 and a current ratio of 1.30. The firm has a market cap of £45.61 billion, a PE ratio of -83.74, a PEG ratio of 0.43 and a beta of 1.21.
Glencore Company Profile
(
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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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