Glencore (LON:GLEN - Free Report) had its target price raised by Citigroup from GBX 350 ($4.65) to GBX 370 ($4.91) in a report released on Friday morning, MarketBeat reports. They currently have a buy rating on the natural resources company's stock.
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of Glencore from GBX 380 ($5.04) to GBX 360 ($4.78) and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 400 ($5.31) price objective on shares of Glencore in a research report on Thursday. Finally, Berenberg Bank boosted their price objective on shares of Glencore from GBX 330 ($4.38) to GBX 350 ($4.65) and gave the company a "buy" rating in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 388 ($5.15).
Read Our Latest Research Report on GLEN
Glencore Trading Down 1.8%
Shares of GLEN traded down GBX 5.42 ($0.07) during mid-day trading on Friday, reaching GBX 299.33 ($3.97). The company's stock had a trading volume of 32,457,016 shares, compared to its average volume of 46,576,789. The stock has a market cap of £45.66 billion, a PE ratio of -83.83, a P/E/G ratio of 0.43 and a beta of 1.21. 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 has a 52 week low of GBX 205 ($2.72) and a 52 week high of GBX 438.80 ($5.82). The company's fifty day moving average price is GBX 295.93 and its two-hundred day moving average price is GBX 299.52.
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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