Glencore's (GLEN) "Outperform" Rating Reiterated at Royal Bank Of Canada

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Glencore (LON:GLEN - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a GBX 350 ($4.73) price target on the natural resources company's stock. Royal Bank Of Canada's price target suggests a potential upside of 18.66% from the company's previous close.

GLEN has been the subject of several other research reports. Berenberg Bank increased their price target on Glencore from GBX 330 ($4.46) to GBX 350 ($4.73) and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Citigroup upped their target price on Glencore from GBX 370 ($5.00) to GBX 380 ($5.13) and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Glencore from GBX 400 ($5.40) to GBX 380 ($5.13) and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Glencore currently has an average rating of "Buy" and a consensus price target of GBX 386 ($5.21).

Glencore Trading Up 2.3%

GLEN opened at GBX 294.95 ($3.98) on Monday. The stock has a market capitalization of £44.99 billion, a PE ratio of -82.60, a P/E/G ratio of 0.43 and a beta of 1.21. Glencore has a 12-month low of GBX 205 ($2.77) and a 12-month high of GBX 438.80 ($5.93). The firm's fifty day moving average price is GBX 298.50 and its 200 day moving average price is GBX 292.94. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32.

About Glencore

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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