Glencore’s (GLEN) Outperform Rating Reaffirmed at Royal Bank Of Canada

Glencore (LON:GLEN)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 600 price objective on the natural resources company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 17.92% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Citigroup lifted their price target on shares of Glencore from GBX 6,700 to GBX 7,700 and gave the stock a “buy” rating in a report on Thursday, June 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 780 target price on shares of Glencore in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 720 price target on shares of Glencore in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their price target on Glencore from GBX 500 to GBX 560 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,790.

Glencore Trading Down 0.7%

Shares of GLEN stock opened at GBX 508.80 on Thursday. The firm has a 50-day moving average price of GBX 566.64 and a 200 day moving average price of GBX 518.95. Glencore has a twelve month low of GBX 275.20 and a twelve month high of GBX 707.20. The company has a market capitalization of £59.61 billion, a price-to-earnings ratio of 169.60, a PEG ratio of 0.43 and a beta of 0.51. The company has a current ratio of 1.06, a quick ratio of 0.32 and a debt-to-equity ratio of 106.72.

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.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.