Royal Bank Of Canada Has Lowered Expectations for Glencore (LON:GLEN) Stock Price

Glencore (LON:GLEN - Get Free Report) had its target price cut by analysts at Royal Bank Of Canada from GBX 380 ($5.19) to GBX 360 ($4.92) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the natural resources company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 17.69% from the company's current price.

Separately, Berenberg Bank reduced their price objective on Glencore from GBX 400 ($5.46) to GBX 380 ($5.19) and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 410 ($5.60).

Glencore Price Performance

Shares of GLEN stock traded down GBX 0.10 ($0.00) during trading hours on Wednesday, hitting GBX 305.90 ($4.18). The stock had a trading volume of 39,322,418 shares, compared to its average volume of 48,100,289. The company has a debt-to-equity ratio of 77.14, a current ratio of 1.30 and a quick ratio of 0.32. The stock has a market capitalization of £46.66 billion, a price-to-earnings ratio of -85.67, a PEG ratio of 0.43 and a beta of 1.21. Glencore has a one year low of GBX 205 ($2.80) and a one year high of GBX 496.12 ($6.77). The stock's 50-day moving average price is GBX 274.63 and its two-hundred day moving average price is GBX 307.06.

Insider Buying and Selling at Glencore

In related news, insider Martin J. Gilbert bought 5,000 shares of the company's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of GBX 233 ($3.18) per share, for a total transaction of £11,650 ($15,908.78). 10.35% of the stock is currently owned by company insiders.

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.