Glencore (LON:GLEN) Receives Outperform Rating from Royal Bank Of Canada

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Royal Bank Of Canada restated their outperform rating on shares of Glencore (LON:GLEN - Free Report) in a report published on Monday morning, MarketBeat.com reports. The brokerage currently has a GBX 350 price target on the natural resources company's stock.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Glencore from GBX 400 to GBX 380 and set a "buy" rating for the company in a report on Tuesday, August 12th. Berenberg Bank upped their price objective on Glencore from GBX 330 to GBX 350 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Citigroup increased their price target on Glencore from GBX 370 to GBX 380 and gave the company a "buy" rating in a report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Glencore has an average rating of "Buy" and a consensus price target of GBX 386.

Glencore Trading Up 0.7%

Shares of GLEN stock traded up GBX 1.95 on Monday, reaching GBX 294.30. 25,041,752 shares of the stock were exchanged, compared to its average volume of 46,436,926. The stock has a market cap of £44.89 billion, a P/E ratio of -82.42, a price-to-earnings-growth ratio of 0.43 and a beta of 1.21. The company has a quick ratio of 0.32, a current ratio of 1.30 and a debt-to-equity ratio of 77.14. The firm has a 50 day moving average of GBX 298.85 and a two-hundred day moving average of GBX 291.84. Glencore has a 1-year low of GBX 205 and a 1-year high of GBX 438.80.

Glencore Company Profile

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.